sicav unaudited for the period ended 31 december 2006 no subscription can be received on basis of financial reports subscriptions are only valid if made current prospectus accompanied by latest annual report and semi published thereafter 33649 cover ai société d investissement à capital variable contents directors 1 management administration 2 statement net assets 4 changes in 6 shares 8 operations 10 industrial composition portfolios as a percentage asset value 14 american growth fund 16 asian equity 20 small cap 28 china 32 emerging eastern europe 39 european 44 hong kong 49 india 53 international 57 japanese 62 latin america 66 us 69 notes to 71 information shareholders 82 manulife global george t yoxail chairman mfc investment limited king william street london ec4n 7tw united kingdom keith walter corporation 200 bloor east north tower 6th
