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Ace Hanlon

12/14/02 6:31 PM

#55789 RE: jrhana #55787

To get more specific on the numbers:

The four Metlife domestic equity funds are down 15-30% for the year to date. The international fund (primarily invested in Europe and Japan) is down 15%. The emerging market fund is down just 6%.

Despite all the bad press re: countries like Brazil and Argentina -- capital seems to be flowing into selected emerging markets.