LTP Trade Finance IndexÖ - February 2003 performance update

The LTP Trade Finance Index returned a modest 0.34% in February, well below the monthly average for 2002 of 0.43%.

While margins on the whole appear to be fairly stable, persistent global uncertainty has moved liquidity from riskier countries towards those that, whilst still offering reasonably high yields, are less directly affected by the uncertain background.

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28-Feb-03

MoM Change

YTD Change

Total Return

1,204.99

0.34%

0.67%

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