Woodworker's Journal 2004-28-4, страница 58

The Bull. The Bear

And Now

THE DRAGON.

Chine. A dynamic population. An ancient civilization. A culture of commerce. Unrealized potential. Until now.

The China-U.S. Growth Fund

Two years ago China joined the World Trcde Organization and tariffs began to drop. When Beijing hosls the 2008 Olympics, the world will arrive lo find a city ara a cojntry transformed China is now one of the largest economies in the world and it ib becoming 'he most significant trading partner for the United States. Ten years ago hundreds cf millions of middle rims Chinese hod the desire for goods Now they have the means.

Dynamic U.S. companies have already identified China as a driver for growth in the decuties to come, .eadinc Chinese companies are now succeeding domesticclly and abroad. The China-U.S. Growth Fund cor invest in both.

The China U.5. Growth Fund is a unique opportunity to participate in the rapid rise of China as a global economic power

Investing in Dynamic Change

For a prospectus call 1.800.254.3796. Or visit chinaus9r0wtllfuild.c0m

ftsoJ pro.pucUi canfully befoie limiting.

WHY CHINA NOW

China's GDP in 2003 was estimated at $1.3 trillion.'

It has grown 8% per year over the past 3 years.¹

China is ranked #2 in the world in terms of purchasing power.³

History has shown ihe Olympics to be a huge economic boost to host countries.⁴

B/ 2007, China is expected to have

500 million cell phone users.'

ALGER

Tbe views and opinions expressed hereir are not meant to provide investnent advice aid there is no guarantee that they will come to pass. Investing in the slock marlet involves gains and bsses and may net be suitable for all investors. As with any fund thof invests in socks, your investment will fuctuate in value and you may lose money by investing in the Fund Based en th* Fund's invp<tmr>nt objective, an investment in tho Fund may be better suitad to investors who see< long-term capital growth end can tolera e fluctuations in their investment's value. Irivestinp in foreign securities invr.lvfis nddilionol risks including currency risk and risks related to the political, social and economic condition oi foreign countries, particularly emerging market countries More particularly securities markets in China, including Hong Kong, a^rp smnlU-, Yes* liqt id and tend to he more vofatilo -han th© U.S. securities mar<ct. Toe Chinese rrarkeJ tends to be based on o few industries and in/estments that are diversified across a small numaer of countries. ^,vChina'$ gdp expects to exceed 11 trillion yjan,' Peoplo's Doit/, 1 ' /27/03. Bated on 3-year average. The World Bank Croup, worldgroup.org and People's Doily, 1 1/27/03. 'Bused on Purchase Power Parity and gcp, nationmast9r.com. 'Olympic Studies Center — Reports on bolt Lake City 2002. Sydney 2003, A*lanta 1996. 'China Industry Updote, No. 6, 11/15/03. Hannover Fuiti Chine ltd Fred Alger & Company, Incorporated: Distributor.

(Cirzte No 26 011 FROOUC1 INFORMATION foil 11)