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EQUITIES: Top Performing Fund Index In May Was One Measuring The Greater China Equity Category - Morningstar

The top-performing fund index in May was the one that measures the Greater China Equity category, which increased by 3.1%. Also performing well were the Emerging Markets Equity and Asia Pacific ex-Japan Equity fund indices, up 2.2% and 1.8%, respectively, according to preliminary performance numbers released Tuesday by Morningstar Canada.

It says emerging market equities benefited from the easing tensions between Russia and Ukraine. Also, it adds, investor confidence in the ability of the newly elected prime minister of India to improve the country's economic growth, and speculation that the Chinese government may adopt policies that would help its equity market, gave a boost to the returns of emerging market equities.

According to Morningstar, stock markets in the United States had a strong month, with the S&P 500 Index increasing by 2.3% when measured in U.S. dollars. The appreciation of the Canadian dollar versus its U.S. counterpart took away part of that gain, and the Morningstar U.S. Equity Fund Index posted an increase of 1.6% in May. Currency effects caused more damage to funds in the European Equity category, whose fund index decreased by 0.6% despite positive results by most European stock indexes, including those of Germany, France, and the United Kingdom.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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