Performance Derby: MSCI Share Price Indexes

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Performance Derby: MSCI Share Price Indexes January 5, 2018 Dr. Ed Yardeni 516-972-7683 eyardeni@yardeni.com Joe Abbott 732-497-5306 jabbott@yardeni.com Please visit our sites at blog.yardeni.com thinking outside the box

Table 1: MSCI Performance % Changes (as of January 04, 2018) Italy 2.8 Poland 2.8 Austria 2.7 Russia 2.3 Spain 2.2 Pakistan 2.0 Portugal 1.7 Colombia 1.5 Germany 1.4 France 1.4 Ireland 1.4 Singapore 1.3 Norway 1.1 Thailand 1.1 Sweden 1.1 Indonesia 1.0 Belgium 0.9 Greece 0.9 Israel 0.9 China 0.9 Netherlands 0.9 Peru 0.9 Brazil 0.8 Czech Republic 0.8 Finland 0.8 Hungary 0.6 India 0.6 Malaysia 0.6 Sri Lanka 0.6 Argentina 0.5 New Zealand 0.4 United States 0.4 Canada 0.4 Taiwan 0.4 Hong Kong 0.3 Switzerland 0.3 Chile 0.3 Philippines 0.0 Denmark 0.0 Mexico 0.0 Jordan 0.0 Egypt -0.1 Morocco -0.3 South Africa -0.3 Korea -0.7 Turkey -0.8 EM East Europe 2.3 EMU 1.5 EMEA 1.5 EAFE 1.3 AC World ex-us 1.0 BRIC 0.9 Dev World ex-us 0.7 AC World 0.7 EM Latam 0.6 EM 0.5 EM Asia 0.4 MSCI Share Price Indexes (local currency) Pakistan 6.3 Austria 4.8 Russia 4.8 Sri Lanka 4.5 Portugal 3.8 Singapore 3.4 Italy 3.0 Poland 3.0 Brazil 2.9 Thailand 2.8 Greece 2.7 Spain 2.7 Colombia 2.2 Taiwan 2.0 Finland 2.0 Israel 2.0 Czech Republic 2.0 Germany 2.0 Sweden 1.8 France 1.8 Ireland 1.6 Norway 1.5 Chile 1.3 Netherlands 1.3 New Zealand 0.9 Malaysia 0.3 Korea 0.2 United Kingdom 0.1 Turkey -0.2 India -0.2 South Africa -0.4 Indonesia -0.7 EM East Europe 4.0 BRIC 3.6 EMEA 3.1 EM Asia 2.4 EM Latam 2.2 EMU 2.0 AC World 1.8 Dev World ex-us 1.8 AC World ex-us 1.8 EAFE 1.6 Pakistan 6.4 Russia 5.3 Sri Lanka 4.9 Austria 3.8 Singapore 3.5 Thailand 3.4 Portugal 3.3 Greece 3.2 Taiwan 3.0 Brazil 2.9 Japan 2.6 Poland 2.2 Colombia 2.2 Philippines 2.2 Spain 2.2 Czech Republic 1.9 Israel 1.9 Hungary 1.8 Hong Kong 1.8 Italy 1.8 Mexico 1.7 Chile 1.7 Finland 1.6 Germany 1.5 Belgium 1.5 Canada 1.5 Malaysia 1.4 United States 1.3 France 1.3 Morocco 1.3 Ireland 1.3 Sweden 1.1 Switzerland 1.0 United Kingdom 0.9 Norway 0.8 Netherlands 0.8 New Zealand 0.8 South Africa 0.7 Turkey 0.6 India 0.5 Korea 0.2 Argentina 0.1 Australia -0.2 Indonesia -0.2 EM East Europe 4.2 BRIC 3.8 EMEA 3.3 EM Asia 2.7 EM 2.6 EM Latam 2.5 AC World ex-us 1.8 AC World 1.6 EAFE 1.5 EMU 1.5 Dev World ex-us 1.4 Page 1 / January 5, 2018 / MSCI Share Price Indexes Pakistan 6.3 Austria 4.8 Russia 4.8 Sri Lanka 4.5 Portugal 3.8 Singapore 3.4 Italy 3.0 Poland 3.0 Brazil 2.9 Thailand 2.8 Greece 2.7 Spain 2.7 Colombia 2.2 Taiwan 2.0 Finland 2.0 Israel 2.0 Czech Republic 2.0 Germany 2.0 Sweden 1.8 France 1.8 Ireland 1.6 Norway 1.5 Chile 1.3 Netherlands 1.3 New Zealand 0.9 Malaysia 0.3 Korea 0.2 United Kingdom 0.1 Turkey -0.2 India -0.2 South Africa -0.4 Indonesia -0.7 EM East Europe 4.0 BRIC 3.6 EMEA 3.1 EM Asia 2.4 EM Latam 2.2 EMU 2.0 AC World 1.8 Dev World ex-us 1.8 AC World ex-us 1.8 EAFE 1.6 Greece 11.7 South Africa 10.9 Turkey 10.9 India 9.1 Indonesia 8.8 Japan 8.4 Singapore 7.8 China 7.7 Thailand 6.9 Hong Kong 6.3 Australia 6.2 Hungary 5.3 Philippines 4.5 Norway 4.2 Austria 4.2 Czech Republic 4.2 United Kingdom 4.1 Canada 3.9 Korea 3.3 Chile 2.9 New Zealand 2.6 Israel 2.6 Switzerland 2.5 Malaysia 2.5 Taiwan 2.1 Brazil 1.9 Colombia 1.9 Ireland 1.8 Germany 1.2 Poland 0.9 Denmark 0.5 France -0.3 Netherlands -0.7 Egypt -1.4 Mexico -1.5 Pakistan -2.3 Portugal -3.5 Spain -3.7 Sweden -3.7 Belgium -3.8 Italy -4.0 Finland -4.1 Sri Lanka -6.1 BRIC 6.7 EM Asia 5.8 EM 5.3 AC World 5.0 Dev World ex-us 4.9 AC World ex-us 3.9 EMEA 3.6 EAFE 3.3 EM Latam 1.2 EMU -0.7 China 52.1 Turkey 44.8 Austria 36.1 Hong Kong 33.2 Korea 29.0 India 28.7 Chile 28.3 Poland 26.7 Philippines 23.8 Brazil 23.3 Indonesia 22.8 Singapore 21.2 Hungary 20.7 South Africa 20.5 Thailand 19.1 Norway 17.9 Japan 17.6 Denmark 16.3 Netherlands 15.0 Switzerland 14.9 Taiwan 14.3 Colombia 13.2 Greece 11.6 France 10.7 Germany 10.0 Italy 9.9 Spain 9.3 Malaysia 9.2 Mexico 7.8 Czech Republic 7.3 United Kingdom 7.2 Australia 6.4 Canada 6.1 Sweden 6.1 Portugal 5.2 Finland 4.6 New Zealand 4.2 Ireland 2.6 Egypt 2.5 Sri Lanka 1.5 Morocco -1.0 Israel -3.9 Russia -4.4 Pakistan -23.9 BRIC 37.3 EM Asia 33.3 EM 27.8 EM Latam 19.2 AC World 17.5 Dev World ex-us 16.3 AC World ex-us 15.3 EAFE 12.2 EMU 10.2 EMEA 5.5 EM East Europe 2.9

*PRIOR DAY* MSCI Share Price Indexes (local currency) Table 2: MSCI Performance % Changes PRIOR DAY (using January 03, 2018) Sri Lanka 2.5 Russia 2.2 Thailand 1.7 Peru 1.4 Austria 1.3 Portugal 1.2 Singapore 1.1 Taiwan 1.0 Finland 1.0 Switzerland 0.9 Germany 0.9 France 0.7 Morocco 0.7 United States 0.6 Malaysia 0.6 Belgium 0.6 Korea 0.6 Sweden 0.6 Netherlands 0.6 China 0.5 Canada 0.5 Denmark 0.5 New Zealand 0.5 Hungary 0.5 Pakistan 0.4 Spain 0.3 Hong Kong 0.2 Czech Republic 0.2 Italy 0.2 Colombia 0.2 Jordan 0.2 Norway 0.2 Brazil 0.2 Ireland 0.1 India 0.1 Japan 0.0 Argentina -0.1 Chile -0.1 Israel -0.1 South Africa -0.4 Greece -0.6 Mexico -0.6 Turkey -1.5 Indonesia -1.5 Egypt -1.8 EM East Europe 1.5 EMEA 0.9 EMU 0.7 EM Asia 0.6 Dev World ex-us 0.5 AC World 0.5 BRIC 0.5 EM 0.4 AC World ex-us 0.4 EAFE 0.4 EM Latam 0.0 Pakistan 4.2 Sri Lanka 3.9 Russia 2.4 Singapore 2.1 Brazil 2.0 Austria 2.0 Portugal 2.0 Greece 1.8 Thailand 1.7 Taiwan 1.7 Morocco 1.3 Finland 1.2 Canada 1.2 Czech Republic 1.2 Israel 1.0 Chile 1.0 Switzerland 0.9 Sweden 0.8 Belgium 0.8 Hungary 0.7 Colombia 0.6 Turkey 0.6 Germany 0.5 New Zealand 0.5 Spain 0.5 Norway 0.4 France 0.4 Netherlands 0.4 Ireland 0.2 Italy 0.2 Japan 0.0 South Africa -0.1 United Kingdom -0.2 Malaysia -0.3 India -0.8 Indonesia -1.7 BRIC 2.7 EM Asia 2.0 EM 1.7 EM East Europe 1.7 EM Latam 1.6 EMEA 1.5 AC World 1.1 Dev World ex-us 1.0 AC World ex-us 0.7 EAFE 0.3 Pakistan 5.7 Peru 4.9 China 4.6 Sri Lanka 4.4 Turkey 3.6 Taiwan 3.4 Philippines 2.8 Russia 2.6 Korea 2.6 Brazil 2.6 Singapore 2.5 Chile 2.4 Hong Kong 2.3 Mexico 2.3 Morocco 1.8 Thailand 1.6 Colombia 1.5 South Africa 1.4 Israel 1.4 Austria 1.4 Portugal 1.2 Malaysia 1.2 Canada 1.2 United States 1.1 Hungary 1.1 Czech Republic 1.0 New Zealand 0.6 United Kingdom 0.6 Jordan 0.5 Switzerland 0.4 Denmark 0.3 Finland 0.2 Ireland 0.2 Greece 0.2 Belgium 0.1 Australia 0.0 Norway 0.0 India -0.3 Netherlands -0.3 Indonesia -0.3 Sweden -0.4 Germany -0.5 Poland -0.6 France -0.6 Japan -0.7 Spain -0.8 Argentina -1.0 Egypt -1.1 Italy -1.5 BRIC 3.3 EM Asia 3.0 EM 2.8 EM Latam 2.5 EMEA 2.0 EM East Europe 1.6 AC World 0.9 AC World ex-us 0.7 Dev World ex-us 0.7 EAFE -0.1 EMU -0.5 Page 2 / January 5, 2018 / MSCI Share Price Indexes Pakistan 4.2 Sri Lanka 3.9 Russia 2.4 Singapore 2.1 Brazil 2.0 Austria 2.0 Portugal 2.0 Greece 1.8 Thailand 1.7 Taiwan 1.7 Morocco 1.3 Finland 1.2 Canada 1.2 Czech Republic 1.2 Israel 1.0 Chile 1.0 Switzerland 0.9 Sweden 0.8 Belgium 0.8 Hungary 0.7 Colombia 0.6 Turkey 0.6 Germany 0.5 New Zealand 0.5 Spain 0.5 Norway 0.4 France 0.4 Netherlands 0.4 Ireland 0.2 Italy 0.2 Japan 0.0 South Africa -0.1 United Kingdom -0.2 Malaysia -0.3 India -0.8 Indonesia -1.7 BRIC 2.7 EM Asia 2.0 EM 1.7 EM East Europe 1.7 EM Latam 1.6 EMEA 1.5 AC World 1.1 Dev World ex-us 1.0 AC World ex-us 0.7 EAFE 0.3 Greece 11.7 South Africa 10.9 Turkey 10.9 India 9.1 Indonesia 8.8 Japan 8.4 Singapore 7.8 China 7.7 Thailand 6.9 Hong Kong 6.3 Australia 6.2 Hungary 5.3 Philippines 4.5 Norway 4.2 Austria 4.2 Czech Republic 4.2 United Kingdom 4.1 Canada 3.9 Korea 3.3 Chile 2.9 New Zealand 2.6 Israel 2.6 Switzerland 2.5 Malaysia 2.5 Taiwan 2.1 Brazil 1.9 Colombia 1.9 Ireland 1.8 Germany 1.2 Poland 0.9 Denmark 0.5 France -0.3 Netherlands -0.7 Egypt -1.4 Mexico -1.5 Pakistan -2.3 Portugal -3.5 Spain -3.7 Sweden -3.7 Belgium -3.8 Italy -4.0 Finland -4.1 Sri Lanka -6.1 BRIC 6.7 EM Asia 5.8 EM 5.3 AC World 5.0 Dev World ex-us 4.9 AC World ex-us 3.9 EMEA 3.6 EAFE 3.3 EM Latam 1.2 EMU -0.7 China 52.1 Turkey 44.8 Austria 36.1 Hong Kong 33.2 Korea 29.0 India 28.7 Chile 28.3 Poland 26.7 Philippines 23.8 Brazil 23.3 Indonesia 22.8 Singapore 21.2 Hungary 20.7 South Africa 20.5 Thailand 19.1 Norway 17.9 Japan 17.6 Denmark 16.3 Netherlands 15.0 Switzerland 14.9 Taiwan 14.3 Colombia 13.2 Greece 11.6 France 10.7 Germany 10.0 Italy 9.9 Spain 9.3 Malaysia 9.2 Mexico 7.8 Czech Republic 7.3 United Kingdom 7.2 Australia 6.4 Canada 6.1 Sweden 6.1 Portugal 5.2 Finland 4.6 New Zealand 4.2 Ireland 2.6 Egypt 2.5 Sri Lanka 1.5 Morocco -1.0 Israel -3.9 Russia -4.4 Pakistan -23.9 BRIC 37.3 EM Asia 33.3 EM 27.8 EM Latam 19.2 AC World 17.5 Dev World ex-us 16.3 AC World ex-us 15.3 EAFE 12.2 EMU 10.2 EMEA 5.5 EM East Europe 2.9

Table 3: MSCI Performance % Changes in US$ (as of January 04, 2018) Italy 3.3 Poland 3.2 Austria 3.2 Russia 2.8 Spain 2.7 Japan 2.4 Colombia 2.3 Portugal 2.2 Pakistan 2.0 Germany 1.9 France 1.9 Ireland 1.8 Brazil 1.7 Sweden 1.5 Norway 1.5 Indonesia 1.4 Belgium 1.4 Greece 1.4 Singapore 1.3 Thailand 1.3 Czech Republic 1.3 Netherlands 1.3 Finland 1.2 New Zealand 1.2 Hungary 1.1 Israel 1.0 Mexico 0.9 China 0.9 Chile 0.9 Peru 0.9 India 0.8 Malaysia 0.8 United Kingdom 0.6 Sri Lanka 0.6 Switzerland 0.6 Argentina 0.5 Canada 0.5 Australia 0.5 Denmark 0.4 United States 0.4 Taiwan 0.4 Hong Kong 0.3 Morocco 0.0 Philippines 0.0 Jordan 0.0 Egypt -0.1 Turkey -0.2 Korea -0.5 EMU 2.0 EMEA 1.9 EAFE 1.5 EM Latam 1.4 AC World ex-us 1.2 BRIC 1.1 Dev World ex-us 0.8 AC World 0.8 EM 0.7 EM Asia 0.5 Pakistan 6.2 Brazil 5.8 Colombia 5.7 Russia 5.7 Austria 5.4 Sri Lanka 4.4 Portugal 4.3 Singapore 4.1 Poland 4.0 Thailand 3.9 Italy 3.6 Greece 3.3 Spain 3.3 Chile 3.3 Norway 2.7 Taiwan 2.7 Czech Republic 2.7 Japan 2.6 Hungary 2.6 Finland 2.6 Germany 2.5 Sweden 2.5 France 2.4 Israel 2.3 Mexico 2.3 Belgium 2.3 Ireland 2.2 Philippines 1.9 Netherlands 1.8 New Zealand 1.4 Malaysia 1.3 Denmark 1.2 Turkey 1.0 Australia 0.7 India 0.4 Indonesia 0.3 Egypt -2.2 EM East Europe 5.0 EM Latam 4.6 BRIC 4.2 EMEA 3.9 EM 2.9 EM Asia 2.9 EMU 2.6 AC World ex-us 2.1 AC World 2.0 EAFE 1.9 Dev World ex-us 1.9 Pakistan 6.4 Russia 6.3 Colombia 5.8 Brazil 5.4 Austria 5.0 Thailand 4.8 Sri Lanka 4.7 Portugal 4.5 Mexico 4.5 Greece 4.4 Singapore 4.2 Poland 4.1 Chile 3.7 Taiwan 3.7 Hungary 3.6 Czech Republic 3.4 Spain 3.3 Italy 2.9 Malaysia 2.9 Norway 2.9 Finland 2.8 Germany 2.7 Belgium 2.7 Sweden 2.6 France 2.5 Philippines 2.5 Ireland 2.4 Israel 2.3 Canada 2.0 Morocco 1.9 Netherlands 1.8 Hong Kong 1.8 United Kingdom 1.8 Denmark 1.8 India 1.7 New Zealand 1.6 Switzerland 1.4 Turkey 1.4 United States 1.3 South Africa 1.1 Indonesia 0.8 Australia 0.7 Argentina 0.1 EM East Europe 5.4 EM Latam 5.0 BRIC 4.4 EMEA 4.3 EM 3.4 EM Asia 3.2 EMU 2.6 AC World ex-us 2.5 EAFE 2.2 AC World 1.9 Dev World ex-us 1.7 Page 3 / January 5, 2018 / MSCI Share Price Indexes MSCI Share Price Indexes (US$) Pakistan 6.2 Brazil 5.8 Colombia 5.7 Russia 5.7 Austria 5.4 Sri Lanka 4.4 Portugal 4.3 Singapore 4.1 Poland 4.0 Thailand 3.9 Italy 3.6 Greece 3.3 Spain 3.3 Chile 3.3 Norway 2.7 Taiwan 2.7 Czech Republic 2.7 Japan 2.6 Hungary 2.6 Finland 2.6 Germany 2.5 Sweden 2.5 France 2.4 Israel 2.3 Mexico 2.3 Belgium 2.3 Ireland 2.2 Philippines 1.9 Netherlands 1.8 New Zealand 1.4 Malaysia 1.3 Denmark 1.2 Turkey 1.0 Australia 0.7 India 0.4 Indonesia 0.3 Egypt -2.2 EM East Europe 5.0 EM Latam 4.6 BRIC 4.2 EMEA 3.9 EM 2.9 EM Asia 2.9 EMU 2.6 AC World ex-us 2.1 AC World 2.0 EAFE 1.9 Dev World ex-us 1.9 South Africa 21.0 Greece 13.4 India 11.6 Korea 10.5 Singapore 9.5 Thailand 9.4 Japan 8.3 Indonesia 8.0 Czech Republic 7.7 China 7.6 Hungary 7.1 Chile 7.0 Malaysia 6.9 Philippines 6.4 Hong Kong 6.2 Australia 5.9 Austria 5.8 Poland 5.8 United Kingdom 4.9 Taiwan 4.0 Turkey 4.0 Canada 3.7 Israel 3.6 Ireland 3.4 Germany 2.8 Denmark 2.1 Morocco 2.0 Switzerland 1.8 Norway 1.4 France 1.3 New Zealand 1.0 Netherlands 0.7 Colombia 0.3 Portugal -2.0 Spain -2.2 Belgium -2.3 Italy -2.5 Finland -2.6 Brazil -2.8 Sweden -4.0 Sri Lanka -6.4 Pakistan -6.8 Mexico -8.6 EM Asia 8.1 EM 7.1 BRIC 6.4 AC World 5.4 Dev World ex-us 5.1 AC World ex-us 4.7 EM East Europe 4.2 EAFE 3.9 EMEA 3.7 EMU 0.8 EM Latam -3.0 Austria 55.0 Poland 52.2 China 51.1 Korea 45.5 Chile 39.8 Hungary 36.9 India 36.8 Turkey 34.3 South Africa 33.1 Denmark 32.3 Hong Kong 32.2 Thailand 30.9 Singapore 30.9 Netherlands 29.4 Czech Republic 29.4 Greece 27.1 France 26.0 Germany 25.2 Italy 25.2 Spain 24.4 Norway 24.1 Taiwan 23.8 Philippines 23.3 Indonesia 22.0 Japan 21.8 Malaysia 21.1 Brazil 21.0 Switzerland 19.8 Portugal 19.7 Finland 19.1 Sweden 17.8 United Kingdom 17.4 Ireland 16.8 Belgium 15.7 Australia 14.9 Colombia 13.8 Canada 13.6 Mexico 13.6 Morocco 7.2 New Zealand 6.3 Egypt 4.5 Israel 0.5 Russia 0.3 Sri Lanka -1.0 Pakistan -28.0 EM Asia 40.1 BRIC 38.7 EM 34.3 EMU 25.3 AC World ex-us 24.1 EAFE 21.8 AC World 21.6 EM Latam 20.8 Dev World ex-us 20.1 EM East Europe 12.9 EMEA 11.8

Table 4: MSCI Performance % Changes in US$ PRIOR DAY (using January 03, 2018) Russia 2.6 Thailand 2.6 Sri Lanka 2.4 Philippines 2.0 Peru 1.4 Colombia 1.2 Austria 1.1 Taiwan 1.1 Singapore 1.1 Portugal 1.0 Finland 0.8 Malaysia 0.8 Sweden 0.7 Germany 0.7 United States 0.6 Morocco 0.6 France 0.6 China 0.5 Norway 0.5 Brazil 0.5 Belgium 0.4 Hungary 0.4 Netherlands 0.4 Switzerland 0.4 Denmark 0.3 Korea 0.3 New Zealand 0.3 Canada 0.3 Pakistan 0.2 Hong Kong 0.2 Jordan 0.2 Spain 0.1 Czech Republic 0.1 Italy 0.0 Israel 0.0 India 0.0 Ireland -0.1 Argentina -0.1 Chile -0.1 United Kingdom -0.2 Mexico -0.2 Japan -0.2 Greece -0.8 Indonesia -1.2 Turkey -1.6 Egypt -1.7 EM East Europe 1.8 EMEA 1.0 BRIC 0.6 EM Asia 0.5 EM 0.5 AC World 0.5 Dev World ex-us 0.5 EM Latam 0.3 AC World ex-us 0.3 EAFE 0.2 *PRIOR DAY* MSCI Share Price Indexes (US$) Pakistan 4.1 Brazil 4.0 Sri Lanka 3.8 Colombia 3.3 Russia 2.8 Singapore 2.7 Thailand 2.6 Chile 2.4 Taiwan 2.3 Austria 2.1 Portugal 2.1 Philippines 2.0 Greece 1.9 Korea 1.6 Mexico 1.4 Israel 1.4 Finland 1.4 Czech Republic 1.4 Turkey 1.2 Norway 1.2 Canada 1.1 Sweden 1.0 Belgium 0.9 Denmark 0.8 Poland 0.8 Germany 0.6 Switzerland 0.6 Spain 0.6 Malaysia 0.5 France 0.5 Netherlands 0.5 Ireland 0.4 Italy 0.3 Japan 0.2 New Zealand 0.2 South Africa 0.0 United Kingdom -0.3 India -0.4 Indonesia -1.0 EM Latam 3.2 BRIC 3.1 EM Asia 2.3 EM East Europe 2.1 EMEA 1.9 AC World 1.2 Dev World ex-us 1.1 AC World ex-us 0.9 EMU 0.6 EAFE 0.4 Pakistan 5.6 Turkey 5.0 Peru 4.9 Taiwan 4.7 China 4.5 Mexico 4.4 Brazil 4.3 Chile 4.0 Colombia 3.8 Czech Republic 3.7 Korea 3.6 Sri Lanka 3.5 Russia 3.4 Singapore 3.3 Philippines 3.2 Thailand 3.1 Malaysia 3.0 Hungary 2.9 Morocco 2.5 Austria 2.5 Portugal 2.3 Hong Kong 2.3 Canada 2.2 Norway 2.1 Israel 1.7 Switzerland 1.6 United Kingdom 1.5 Denmark 1.4 Finland 1.3 Poland 1.3 Ireland 1.3 Greece 1.3 Belgium 1.1 United States 1.1 New Zealand 1.1 South Africa 1.0 Australia 0.9 Sweden 0.9 India 0.7 Netherlands 0.7 Germany 0.6 Jordan 0.5 France 0.5 Spain 0.3 Indonesia 0.3 Japan 0.1 Egypt -0.4 Italy -0.4 Argentina -1.0 EM Latam 4.3 BRIC 3.7 EM Asia 3.7 EM 3.5 EMEA 3.0 AC World ex-us 1.6 AC World 1.4 Dev World ex-us 1.1 EAFE 0.8 Page 4 / January 5, 2018 / MSCI Share Price Indexes Pakistan 4.1 Brazil 4.0 Sri Lanka 3.8 Colombia 3.3 Russia 2.8 Singapore 2.7 Thailand 2.6 Chile 2.4 Taiwan 2.3 Austria 2.1 Portugal 2.1 Philippines 2.0 Greece 1.9 Korea 1.6 Mexico 1.4 Israel 1.4 Finland 1.4 Czech Republic 1.4 Turkey 1.2 Norway 1.2 Canada 1.1 Sweden 1.0 Belgium 0.9 Denmark 0.8 Poland 0.8 Germany 0.6 Switzerland 0.6 Spain 0.6 Malaysia 0.5 France 0.5 Netherlands 0.5 Ireland 0.4 Italy 0.3 Japan 0.2 New Zealand 0.2 South Africa 0.0 United Kingdom -0.3 India -0.4 Indonesia -1.0 EM Latam 3.2 BRIC 3.1 EM Asia 2.3 EM East Europe 2.1 EMEA 1.9 AC World 1.2 Dev World ex-us 1.1 AC World ex-us 0.9 EMU 0.6 EAFE 0.4 South Africa 21.0 Greece 13.4 India 11.6 Korea 10.5 Singapore 9.5 Thailand 9.4 Japan 8.3 Indonesia 8.0 Czech Republic 7.7 China 7.6 Hungary 7.1 Chile 7.0 Malaysia 6.9 Philippines 6.4 Hong Kong 6.2 Australia 5.9 Austria 5.8 Poland 5.8 United Kingdom 4.9 Taiwan 4.0 Turkey 4.0 Canada 3.7 Israel 3.6 Ireland 3.4 Germany 2.8 Denmark 2.1 Morocco 2.0 Switzerland 1.8 Norway 1.4 France 1.3 New Zealand 1.0 Netherlands 0.7 Colombia 0.3 Portugal -2.0 Spain -2.2 Belgium -2.3 Italy -2.5 Finland -2.6 Brazil -2.8 Sweden -4.0 Sri Lanka -6.4 Pakistan -6.8 Mexico -8.6 EM Asia 8.1 EM 7.1 BRIC 6.4 AC World 5.4 Dev World ex-us 5.1 AC World ex-us 4.7 EM East Europe 4.2 EAFE 3.9 EMEA 3.7 EMU 0.8 EM Latam -3.0 Austria 55.0 Poland 52.2 China 51.1 Korea 45.5 Chile 39.8 Hungary 36.9 India 36.8 Turkey 34.3 South Africa 33.1 Denmark 32.3 Hong Kong 32.2 Thailand 30.9 Singapore 30.9 Netherlands 29.4 Czech Republic 29.4 Greece 27.1 France 26.0 Germany 25.2 Italy 25.2 Spain 24.4 Norway 24.1 Taiwan 23.8 Philippines 23.3 Indonesia 22.0 Japan 21.8 Malaysia 21.1 Brazil 21.0 Switzerland 19.8 Portugal 19.7 Finland 19.1 Sweden 17.8 United Kingdom 17.4 Ireland 16.8 Belgium 15.7 Australia 14.9 Colombia 13.8 Canada 13.6 Mexico 13.6 Morocco 7.2 New Zealand 6.3 Egypt 4.5 Israel 0.5 Russia 0.3 Sri Lanka -1.0 Pakistan -28.0 EM Asia 40.1 BRIC 38.7 EM 34.3 EMU 25.3 AC World ex-us 24.1 EAFE 21.8 AC World 21.6 EM Latam 20.8 Dev World ex-us 20.1 EM East Europe 12.9 EMEA 11.8

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