<P>2005 was a good year for many equity markets. In fact, the strength in market performances was reflected in the returns of some of the underlying funds. Out of the 257 funds that we carry as at end December 2005, more than 85% delivered positive returns. So, which were the funds that stood as the top performers for 2005? Table 1 shows the returns of the 20 top performing funds in 2005. </P>
<P><STRONG>Table 1: Top Performing Funds 2005 </STRONG></P>
<TABLE cellSpacing=0 cellPadding=0 border=1>
<TR borderColor=#ece9d8 bgColor=#000066>
<TD vAlign=bottom width=235>
<P align=center>Fund Name </P></TD>
<TD vAlign=bottom width=83>
<P align=center>Returns </P></TD>
<TD vAlign=bottom width=177>
<P align=center>Regions/Sector </P></TD></TR>
<TR>
<TD vAlign=bottom width=235>
<P align=center>Lion Capital Korea </P></TD>
<TD vAlign=bottom>
<P align=center>78.2% </P></TD>
<TD vAlign=bottom width=177>
<P align=center>South Korea </P></TD></TR>
<TR>
<TD vAlign=bottom width=235>
<P align=center>Fidelity Korea USD </P></TD>
<TD vAlign=bottom>
<P align=center>70.4% </P></TD>
<TD vAlign=bottom width=177>
<P align=center>South Korea </P></TD></TR>
<TR>
<TD vAlign=bottom width=235>
<P align=center>Fidelity Latin America USD </P></TD>
<TD vAlign=bottom>
<P align=center>54.1% </P></TD>
<TD vAlign=bottom width=177>
<P align=center>Latin America </P></TD></TR>
<TR>
<TD vAlign=bottom width=235>
<P align=center>Franklin Templeton F-Korea </P></TD>
<TD vAlign=bottom>
<P align=center>47.4% </P></TD>
<TD vAlign=bottom width=177>
<P align=center>South Korea </P></TD></TR>
<TR>
<TD vAlign=bottom width=235>
<P align=center>First State Regional India </P></TD>
<TD vAlign=bottom>
<P align=center>46.0% </P></TD>
<TD vAlign=bottom width=177>
<P align=center>India </P></TD></TR>
<TR>
<TD vAlign=bottom width=235>
<P align=center>Lion Capital India </P></TD>
<TD vAlign=bottom>
<P align=center>41.3% </P></TD>
<TD vAlign=bottom width=177>
<P align=center>India </P></TD></TR>
<TR>
<TD vAlign=bottom width=235>
<P align=center>Lion Capital Japan Growth </P></TD>
<TD vAlign=bottom>
<P align=center>39.1% </P></TD>
<TD vAlign=bottom width=177>
<P align=center>Japan </P></TD></TR>
<TR>
<TD vAlign=bottom width=235>
<P align=center>First State Asia Innovation & Technology </P></TD>
<TD vAlign=bottom>
<P align=center>36.7% </P></TD>
<TD vAlign=bottom width=177>
<P align=center>Asia Technology </P></TD></TR>
<TR>
<TD vAlign=bottom width=235>
<P align=center>UOB Optimix Contrarian </P></TD>
<TD vAlign=bottom>
<P align=center>36.6% </P></TD>
<TD vAlign=bottom width=177>
<P align=center>Global Equities </P></TD></TR>
<TR>
<TD vAlign=bottom width=235>
<P align=center>HSBC Indian Growth </P></TD>
<TD vAlign=bottom>
<P align=center>36.4% </P></TD>
<TD vAlign=bottom width=177>
<P align=center>India </P></TD></TR>
<TR>
<TD vAlign=bottom width=235>
<P align=center>Lion Capital Japan Fund </P></TD>
<TD vAlign=bottom>
<P align=center>35.2% </P></TD>
<TD vAlign=bottom width=177>
<P align=center>Japan </P></TD></TR>
<TR>
<TD vAlign=bottom width=235>
<P align=center>UBS (SG) IF-Asian Technology </P></TD>
<TD vAlign=bottom>
<P align=center>35.0% </P></TD>
<TD vAlign=bottom width=177>
<P align=center>Asia Technology </P></TD></TR>
<TR>
<TD vAlign=bottom width=235>
<P align=center>Fidelity S East Asia USD </P></TD>
<TD vAlign=bottom>
<P align=center>34.4% </P></TD>
<TD vAlign=bottom width=177>
<P align=center>Asia excluding Japan </P></TD></TR>
<TR>
<TD vAlign=bottom width=235>
<P align=center>UOB United Gold & General Fund </P></TD>
<TD vAlign=bottom>
<P align=center>34.4% </P></TD>
<TD vAlign=bottom width=177>
<P align=center>Global Gold & Minerals </P></TD></TR>
<TR>
<TD vAlign=bottom width=235>
<P align=center>PRU Japan Smaller Co Fund </P></TD>
<TD vAlign=bottom>
<P align=center>33.7% </P></TD>
<TD vAlign=bottom width=177>
<P align=center>Japan </P></TD></TR>
<TR>
<TD vAlign=bottom width=235>
<P align=center>Schroder Emerging Markets Fund </P></TD>
<TD vAlign=bottom>
<P align=center>32.9% </P></TD>
<TD vAlign=bottom width=177>
<P align=center>Emerging Markets Equities </P></TD></TR>
<TR>
<TD vAlign=bottom width=235>
<P align=center>HSBC Japanese Growth </P></TD>
<TD vAlign=bottom>
<P align=center>32.7% </P></TD>
<TD vAlign=bottom width=177>
<P align=center>Japan </P></TD></TR>
<TR>
<TD vAlign=bottom width=235>
<P align=center>DBS Japan Growth </P></TD>
<TD vAlign=bottom>
<P align=center>32.7% </P></TD>
<TD vAlign=bottom width=177>
<P align=center>Japan </P></TD></TR>
<TR>
<TD vAlign=bottom width=235>
<P align=center>United Asian Growth Opportunities </P></TD>
<TD vAlign=bottom>
<P align=center>32.5% </P></TD>
<TD vAlign=bottom width=177>
<P align=center>Asia excluding Japan </P></TD></TR>
<TR>
<TD vAlign=bottom width=235>
<P align=center>UOB United Japan Growth Fund </P></TD>
<TD vAlign=bottom>
<P align=center>31.7% </P></TD>
<TD vAlign=bottom width=177>
<P align=center>Japan </P></TD></TR></TABLE>
<P>Source: Fundsupermart.com Compilations. The performance figures in the table above are calculated in SGD terms using bid-to-bid prices, with any income or dividends reinvested. </P>
<P><STRONG>Table 3: Ten Worst Performing Funds 2005 </STRONG></P>
<P>
<TABLE cellSpacing=0 cellPadding=0 border=1>
<TR bgColor=#000066>
<TD vAlign=bottom width=254>
<P align=center>Fund Name </P></TD>
<TD vAlign=bottom width=74>
<P align=center>Returns </P></TD>
<TD vAlign=bottom width=175>
<P align=center>Regions/Sector </P></TD></TR>
<TR>
<TD vAlign=bottom>
<P align=center>Deutsche Currency SGD </P></TD>
<TD vAlign=bottom>
<P align=center>-14.9% </P></TD>
<TD vAlign=bottom width=175>
<P align=center>Currency </P></TD></TR>
<TR>
<TD vAlign=bottom>
<P align=center>Fidelity Eur HY EUR </P></TD>
<TD vAlign=bottom>
<P align=center>-10.0% </P></TD>
<TD vAlign=bottom width=175>
<P align=center>European High Yield </P></TD></TR>
<TR>
<TD vAlign=bottom>
<P align=center>Fidelity Eur Bond EUR </P></TD>
<TD vAlign=bottom>
<P align=center>-9.4% </P></TD>
<TD vAlign=bottom width=175>
<P align=center>European Bonds </P></TD></TR>
<TR>
<TD vAlign=bottom>
<P align=center>ABN AMRO Star Europe Bond </P></TD>
<TD vAlign=bottom>
<P align=center>-7.7% </P></TD>
<TD vAlign=bottom width=175>
<P align=center>European Bonds </P></TD></TR>
<TR>
<TD vAlign=bottom>
<P align=center>DBS Malaysia Equity SGD </P></TD>
<TD vAlign=bottom>
<P align=center>-7.6% </P></TD>
<TD vAlign=bottom width=175>
<P align=center>Malaysia </P></TD></TR>
<TR>
<TD vAlign=bottom>
<P align=center>DBS Shenton Dynamic Bond </P></TD>
<TD vAlign=bottom>
<P align=center>-6.4% </P></TD>
<TD vAlign=bottom width=175>
<P align=center>Global Bonds </P></TD></TR>
<TR>
<TD vAlign=bottom>
<P align=center>Henderson Global Bond Fund - Class A Units </P></TD>
<TD vAlign=bottom>
<P align=center>-6.2% </P></TD>
<TD vAlign=bottom width=175>
<P align=center>Global Bonds </P></TD></TR>
<TR>
<TD vAlign=bottom>
<P align=center>UOB United Global Bond SGD </P></TD>
<TD vAlign=bottom>
<P align=center>-5.9% </P></TD>
<TD vAlign=bottom width=175>
<P align=center>Global Bonds </P></TD></TR>
<TR>
<TD vAlign=bottom>
<P align=center>COM Global Telecom Index Fund </P></TD>
<TD vAlign=bottom>
<P align=center>-4.7% </P></TD>
<TD vAlign=bottom width=175>
<P align=center>Telecommunications </P></TD></TR>
<TR>
<TD vAlign=bottom>
<P align=center>Schroder Emerging Markets Bond Fund </P></TD>
<TD vAlign=bottom>
<P align=center>-3.0% </P></TD>
<TD vAlign=bottom width=175>
<P align=center>Emerging Market Bonds </P></TD></TR></TABLE></P>
<P>Source: Fundsupermart.com Compilations. The performance figures in the tables above are calculated in SGD terms using bid-to-bid prices, with any income or dividends reinvested. </P></DIV>