Mutual Fund Benchmarks as of August 31, 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 Items0.21.02.52.32.62.52.11.8
Canada Savings Bonds Index0.10.30.51.32.73.03.04.1
HANG SENG Total Return Index-3.7-9.3-6.8-8.9-21.2-8.1-4.58.7
MSCI EAFE ($CDN)-1.8-11.8-10.6-14.1-17.2-9.50.27.0
MSCI Emerging Markets Free ($CDN)-0.0-11.4-11.43.1-11.5-6.3-5.25.0
MSCI Europe ($CDN)-1.5-12.4-12.7-15.2-16.1-8.53.011.0
MSCI Japan ($CDN)-2.6-10.91.0-14.4-22.5-13.4-5.20.6
MSCI World ($CDN)-1.4-12.0-15.3-16.3-18.8-9.72.09.9
Mexico IPC (BOLSA) Price Index0.8-11.9-17.2-7.8-4.26.63.45.8
NASDAQ Composite ($CDN)-2.6-16.9-25.8-26.6-42.5-21.3-1.411.8
NIKKEI 225 Total Return Index-3.1-12.6-0.3-9.3-26.3-18.9-9.7-3.2
Nesbitt Burns Cdn Small-Cap Index-0.8-15.5-7.83.4-5.64.90.68.9
Russell 100 Growth Index-1.7-17.1-22.9-22.7-50.9-17.2-9.21.8
Russell 100 Value Index1.5-10.7-7.5-3.03.67.46.512.1
Russell 300 Growth Index-1.5-17.1-27.8-27.1-49.6-17.7-9.51.9
Russell 300 Value Index1.1-11.2-4.60.85.08.16.512.3
S&P 500 Composite ($CDN)-1.1-12.4-19.6-18.6-20.1-10.22.711.2
S&P/TSX Total Return0.2-13.2-12.7-9.1-22.1-0.31.59.0
SCM Universe Bond Total Return Index1.43.54.17.98.27.66.98.4
Salomon World Gov't Bond0.210.011.210.810.95.97.68.6
1-Year Average GIC Index0.20.50.81.52.63.33.44.1
5-Year Average GIC Index0.31.02.03.94.34.74.65.6
91 Day Treasury Bill Index0.20.71.22.84.14.44.45.0
Note: All Benchmarks are expressed in Canadian Dollars.
Source: Datastream, ScotiaMcLeod, Frank Russell Canada, Morgan Stanley Capital Int'l.