The investment strategy we used is Top-Down Strategy, an investment strategy that first observes global economics, finds the best industries to invest in, and then searches for the best companies within those industries. First, we chose three indicators to analyze countries, i.e. real GDP growth rate, inflation, and unemployment. We believe that a nation with high real GDP growth rate, low inflation, and low unemployment is a good investment target, so we chose these 7 countries. 7.????????'.'?''.??6.??' '???? For industry analysis, we used five indicators- EPS and ROE, serving as indictors of profitability; payout ratio, revealing how well earnings support the dividend payments; P/E, showing expected earnings growth in the future; dividend yield, measuring how much returns for each dollar invested. (????'' '.'???Reliance Industries Ltd,??Anup???????,?????????) Finally, we compared companies’ dividend payout ratio, ROE, P/E, and dividend yield to Industries’ to select the stocks. To achieve our goal, we picked growth stock and income stock. For example, Apple which has no dividend payout and high P/E is a growth stock. The line chart shows that the trade of mean returnand standard deviation in our portfolio investment form 23/2 to 5/3. Comparing with the benchmark, the first part shows that mean of our portfolio is a slightly higher than S&P Global 1200 Index (USD 50m) + Lehman Brothers Global Treasury Index (USD 50m) in the beginning period and become closing on 5/3/09. Now turning to the secon ...