At Market Trend we are strong believers in the massive potential Eastern Europe has to offer us in terms of investing. At the start of 2004 we identified 3 Eastern European stock markets we thought would perform strongly & would easily outperform Western European Indicies.

These 3 markets were the SOFIX (Bulgaria), BET-C (Romania) and the MICEX 10 (Russia). They closed 2004 with some impressive gains:

SOFIX:       632.43      YTD +39.12%

BET-C:       2613.92     YTD +103.50%

MICEX 10: 1152.07     YTD: +5.27%