<br />
IFU<br />
INVESTMENT FUND FOR DEVELOPING COUNTRIES<br />
DEVELOPING COUNTRIES Developing countries in Asia, Latin America<br />
and Africa are the new emerging markets.<br />
<br />
<br />
– THE NEW EMERGING MARKETS With expected annual growth rates of 5-10<br />
percent in the years to come, most develop-<br />
ing countries have surpassed Europe and<br />
other western countries. Furthermore, 75<br />
percent of global growth is now created in<br />
developing countries and emerging markets.<br />
<br />
<br />
Higher earnings in emerging markets<br /IFUINVESTMENT FUND FOR DEVELOPING COUNTRIES IFUINVESTMENT FUND FOR DEVELOPING COUNTRIESDEVELOPING COUNTRIES Developing DEVELOPING COUNTRIES Developing ”What is unique about IFU is that the fund invest ”What is unique about IFU is that the fund investINVESTMENTS CREATEDEVELOPMENTIFU's investment INVESTMENTS CREATEDEVELOPMENTIFU's investment”We wouldn't have invested in India and China wit ”We wouldn't have invested in India and China witOn the cover: Rabai Power Plant, KenyaIFU – On the cover: Rabai Power Plant, KenyaIFU –