Fund Family Monitors

1
Global Investing with OppenheimerFunds
2
Europe

• EURO
• Restructuring
• Corporate Tax Cuts
• Pension reform

3
EUR vs USD 1/1/99 - 5/4/01
Source Bloomberg (ytd figure as per Oct. 20,
2000 )
4
USD vs DEM 1/1/86 - 5/1/88
Source Bloomberg
5
Asia - Japan

• Koizumis challenges
• Restructuring
• Quantitative easing

6
Latin America

• Brazil
• Inflation From 4-to-1 Digit
• Strong Financial System

The Argentina factor

• Mexico
• Foxs challenges
• Political
• Economical

7
Eastern Europe India
China

• Strong internal growth
• Poor regulation
• High Valuation

• New Middle Class
• Computer Literate
• Deregulation

• Hungary, Czech Republic and Poland to join EMU
• Demand for Cheap Production

8
MA NT R A
9
Mass Affluence
Mass Affluence
Luxury Goods
Financial Services
10
New Technologies
New Technologies
Satellite radio
Genomics
11
Restructuring
Restructuring
European Banks
Conglomerate reform
12
Aging
Aging
Healthcare
Leisure
13
Investment Philosophy
Stock Selection
Stock Selection

• Look for EPS growth
• 1) revenue growth
• 2) margin sustainability
• 3) capital efficiency
• Good company good stock ?
• out of favor stocks
• lower median market cap
• more upside, limited downside

14
Morning star
MORNINGSTAR RATINGS AS OF 3/31/01Rated among
1292, 808, and 157 international equity funds for
the 3-, 5- and 10-year periods
Overall
3 Year
5 Year
10 Year
Oppenheimer Fund
Developing Markets Fund A
4
5
International Growth Fund A
5
Global Fund A
5
5
5
Global Growth Inc Fund A
5
5
Morningstar, Inc. rates mutual funds in broad
investment classes, based on risk-adjusted
returns after considering sales charges and
expenses. Return and risk are measured as
performance above and below 90-day U.S. Treasury
bill returns, respectively. Overall star ranking
is the combined 3-, 5-, and 10-year (if
applicable) rankings (weighted 100 3-year,
40/60 3/5-year or 20/30/50 3/5/10-year, as
applicable) for a fund or class and is subject to
change monthly. Top 10 5 stars. Next 22.5 4
stars. Middle 35 3 stars. Next 22.5 2
stars. Bottom 10 1 star. Past performance
cannot guarantee future results. Rankings are
subject to change monthly.
15
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