Global HEALTH - LIFE SCIENCES market

customer service, charter, dna chip, ozone, phosphate, pipeline, pollution, alcohol, ales, arthritis, asset management, asthma, banks, biotech, biotechnology, cancer, cancer vaccines, cattles, clinical diagnostics, clinical trials, consumer finance, dermatology, epayment, epayments, fertilizer, foodservice, gene therapies, genomics, gin, gin, infectious diseases, inflammatory diseases, metabolic diseases, monoclonal antibodies, mortgage, oncology, pharmaceutical, pharmaceuticals, phosphate, psoriasis, rice, rug, rugs, savings, sportswear, stem cells, supermarkets, therapeutic classes, vaccines,

1 city financial investment funds c ontents of ficers and pr ofessional advisers page 2 authorised status risk factors 3 certification accounts responsibilities report the depositary 4 independent auditors to shar eholders 5 7 bio t ech fund 12 ethical 24 international capital accumulator 32 43 managed portfolio 52 notes statements 63 general information 93 a uthorised s ta tus is an open ended company withvariable incorporated in england w ales under r egister ed number ic25 by services authority with ef fect fr om 30 mar ch 1999 ar e not liable for debts isk f act ors should be egar ded as longer term investors awar that price es income them can fall well