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Earnings growth
The average annual rate of growth in earnings over an indicated period of years for the stocks now in a fund.

Emerging markets fund
A mutual fund that invests primarily in countries with developing economies (that is, those that are becoming industrialised). Emerging markets funds tend to be more volatile than domestic stock funds due to currency fluctuation and political instability. Consequently, fund prices can fluctuate dramatically.

Emerging Countries
those countries that were not members of the The Organisation for Economic Co-operation and Development (OECD) on 1 January 1995 and, in addition, Greece, Mexico, Portugal and Turkey.

Equity
In investing, ownership in a company. Often used as a synonym for stock.

Equivalent Rating
The rating employed by such other Rating Agency which is equivalent to the relevant rating by S&P or Moody's.

Expense ratio
The percentage of a portfolio's average net assets used to pay its annual expenses.