Jefe Planeacion Cadena De Abaseconomia

SANTIAGO PETRI
Vicepresidente Principal y Director Ejecutivo Principal 
Templeton Emerging Markets Group

r Broker/Dealer and Institutional Investor Use Only. Not for Public Distribution.

Emerging Markets Latin American Outlook
Emerging Markets & La American Outlook
a

rrBroker/Dealer and Institutional Investor Use Only. to the Public Distribution.
Broker/Dealer Use Only. Not forDistribution Not for Public

Emerging Ma
Emerging Ma
arkets Group
Group

rrBroker/Dealer and Institutional Investor Use Only. to the Public Distribution.
Broker/Dealer Use Only. Not for Distribution Not for Public

Templeton Emerging Markets Research Offices: A Team Approach

r Broker/Dealer and Institutional Investor Use Only. Not for Public Distribution.

Perform
Perform
mancerrBroker/Dealer and Institutional Investor Use Only. to the Public Distribution.
Broker/Dealer Use Only. Not for Distribution Not for Public

10-Year Performance : Emerging Markets Vs World Vs US
12-SEP-2001-12-SEP-2011
600

(INDEX) MSCI AC World - Price with Gross Dividends - Daily Official - USD (Index)
(INDEX) MSCI EM (Emerging Markets) - Price with Gross Dividends - Daily Official- USD (Index)
(INDEX) MSCI USA Price w ith Gross Dividends Daily Official USD (Index
(INDEX) MSCI USA - Price with Gross Dividends - Daily Official - USD (Index)
x)
x

500
Emerging
Markets
Markets

400

300

200
World
U.S.

100

09/01

09/02

09/03

09/04

09/05

09/06
6

09/07

09/08

09/09

09/10

urce: Factset
ll Morgan Stanley Capital International(MSCI) data is provided “as is.” In no event shall MSCI, its affiliates or any MSCI data provider have any liability of any kind in connection with the MSCI data described herein.
opying or redistributing the MSCI data is strictly prohibited. The indices are unmanaged and therefore do not include the deduction of fees. An individual cannot invest directly in an index. Past performance does notuarantee future results.

r Broker/Dealer and Institutional Investor Use Only. Not for Public Distribution.

09/11

5-Year Performance : Emerging Markets Vs World Vs US
12-SEP-2006-12-SEP-2011
180

(INDEX) MSCI AC World - Price with Gross Dividends - Daily Official - USD (Index)
(INDEX) MSCI EM (Emerging Markets) - Price with Gross Dividends - Daily Official - USD (Index)
(INDEX) MSCIUSA - Price with Gross Dividends - Daily Official - USD (Index)
MSCI USA
with Gross Dividends
Official

160
Emerging
Markets

140

120
U.S.
World

100

80

60

40
09/06

03/07

09/07

03/08

09/08

urce: Factset

03/09
9

09/09

03/10

09/10

03/11

ll Morgan Stanley Capital International (MSCI) data is provided “as is.” In no event shall MSCI, itsaffiliates or any MSCI data provider have any liability of any kind in connection with the MSCI data described herein.
opying or redistributing the MSCI data is strictly prohibited. The indices are unmanaged and therefore do not include the deduction of fees. An individual cannot invest directly in an index. Past performance does not
uarantee future results.

r Broker/Dealer and InstitutionalInvestor Use Only. Not for Public Distribution.

09/11

2010 Performance : Emerging Markets Vs World Vs US
31-DEC-2009-31-DEC-2010
120

Emerging
Markets
Markets

(INDEX) MSCI AC World - Price with Gross Dividends - Daily Official - USD (Index)
(INDEX) MSCI EM (Emerging Markets) - Price with Gross Dividends - Daily Official - USD (Index)
(INDEX) MSCI USA - Price w ith Gross Dividends - Daily Offic ial - USD (Index )
MSCI USA
Di
Offi
USD (I

US
US

115

World
110

105
105

100

95

90

85
12/09

02/10

03/10

04/10

05/10

urce: Factset

07/10

08/10

09/10

10/10

11/10

ll Morgan Stanley Capital International (MSCI) data is provided “as is.” In no event shall MSCI, its affiliates or any MSCI data provider have any liability of any...