Mutual Fund Benchmarks as of June 30, 2002

Index Total Return Average Annual Compound Return
1 mo. 3 mo. 6 mo. 1 yr. 2 yrs. 3 yrs. 5 yrs. 10 yrs.
CPI - All Items0.20.92.51.12.22.42.01.7]
Canada Savings Bonds Index0.10.30.51.82.93.13.14.2]
FT-SE 100 Total Return Index-5.0-9.9-10.9-10.4-12.7-9.90.46.5]
HANG SENG Total Return Index-6.7-8.4-11.4-18.6-18.0-7.1-5.28.1]
MSCI EAFE ($CDN)-4.5-6.5-6.0-9.2-15.5-5.50.68.2]
MSCI Emerging Markets Free ($CDN)-7.9-12.7-2.81.7-12.2-5.4-6.65.0]
MSCI Europe ($CDN)-3.9-8.7-8.8-6.7-13.6-4.84.811.5]
MSCI Japan ($CDN)-5.61.63.2-16.4-22.7-8.8-6.32.7]
MSCI World ($CDN)-6.6-13.4-12.8-14.8-16.4-7.52.810.8]
Mexico IPC (BOLSA) Price Index-11.1-24.2-10.9-11.2-2.82.75.04.9]
NASDAQ Composite ($CDN)-10.0-24.4-28.5-32.2-38.5-17.52.212.6]
NIKKEI 225 Total Return Index-6.91.65.0-14.6-25.7-14.3-11.5-1.2]
Nesbitt Burns Cdn Small-Cap Index-6.1-3.08.65.61.59.33.610.1]
Russell 100 Growth Index-7.8-16.5-20.3-23.4-44.5-15.3-6.82.9]
Russell 100 Value Index-5.8-5.00.33.310.59.97.912.9]
Russell 300 Growth Index-8.0-16.1-24.8-28.1-43.5-15.7-6.93.0]
Russell 300 Value Index-5.6-4.04.67.811.911.18.213.1]
S&P 500 Composite ($CDN)-7.8-17.8-17.8-19.1-16.4-9.44.211.9]
S&P/TSX Total Return-6.5-8.6-6.3-6.1-15.02.13.79.9]
SCM Universe Bond Total Return Index0.63.12.09.17.66.46.88.7]
Salomon World Gov't Bond4.36.44.714.26.55.46.48.5]
1-Year Average GIC Index0.20.40.71.72.93.43.44.2]
5-Year Average GIC Index0.31.02.03.94.44.84.75.7]
91 Day Treasury Bill Index0.20.61.03.14.34.54.55.0]
Note: All Benchmarks are expressed in Canadian Dollars.
Source: Datastream, ScotiaMcLeod, Frank Russell Canada, Morgan Stanley Capital Int'l.