The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number: 3235-0006
Estimated average burden
hours per response: 23.8
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
21VIANET GROUP INC ADR USD.000 ADR 90138A103 306 10,200 SH   DFND 2 10,200 0 0
ABBOTT LABORATORIES COMMON STO COM 002824100 245 6,000 SH   DFND 2 6,000 0 0
ABBVIE INC COMMON STOCK USD.01 COM 00287Y109 42,719 756,900 SH   DFND 2 756,900 0 0
ALTRIA GROUP INC COMMON STOCK COM 02209S103 4,647 110,812 SH   DFND 2 110,812 0 0
AMERICAN INTERNATIONAL GROUP I COM 026874784 21,324 390,700 SH   DFND 2 390,700 0 0
AMERISOURCEBERGEN CORP COMMON COM 03073E105 8,177 112,543 SH   DFND 2 112,543 0 0
ANADARKO PETROLEUM CORP COMMON COM 032511107 10,205 93,220 SH   DFND 2 93,220 0 0
ANSYS INC COMMON STOCK USD.01 COM 03662Q105 4,764 62,831 SH   DFND 2 62,831 0 0
APPLE INC COMMON STOCK USD.000 COM 037833100 29,398 316,351 SH   DFND 2 316,351 0 0
BAIDU INC ADS EACH REP 0.10 OR ADR 056752108 250 1,338 SH   DFND 2 1,338 0 0
BAKER HUGHES INC COMMON STOCK COM 057224107 9,903 133,022 SH   DFND 2 133,022 0 0
BANCO SANTANDER CHILE 1 ADR RE ADR 05965X109 5,117 193,464 SH   DFND 1 193,464 0 0
BANCO SANTANDER CHILE 1 ADR RE ADR 05965X109 16,539 625,309 SH   DFND 2 608,519 0 16,790
BHP BILLITON LTD ADR ADR 088606108 5,955 87,000 SH   DFND 2 87,000 0 0
CATERPILLAR INC COMMON STOCK U COM 149123101 6,498 59,800 SH   DFND 2 59,800 0 0
CELGENE CORP COM 151020104 3,361 39,134 SH   DFND 2 39,134 0 0
CHECK POINT SOFTWARE TECHNOLOG COM M22465104 13,379 199,600 SH   DFND 1 136,100 0 63,500
CHECK POINT SOFTWARE TECHNOLOG COM M22465104 5,992 89,400 SH   DFND 2 89,400 0 0
CHEVRON CORP COMMON STOCK USD. COM 166764100 49,119 376,250 SH   DFND 2 376,250 0 0
COGNIZANT TECHNOLOGY SOLUTIONS COM 192446102 8,921 182,400 SH   DFND 1 182,400 0 0
COGNIZANT TECHNOLOGY SOLUTIONS COM 192446102 42,908 877,294 SH   DFND 2 861,594 0 15,700
COMCAST CORP COMMON STOCK USD1 COM 20030N101 8,347 155,500 SH   DFND 2 155,500 0 0
COOPER COS INC/THE COM 216648402 13,824 102,000 SH   DFND 2 102,000 0 0
COSAN LTD COM G25343107 664 49,000 SH   DFND 1 49,000 0 0
COSAN LTD COM G25343107 15,048 1,109,700 SH   DFND 2 1,077,800 0 31,900
CREDICORP LTD COMMON STOCK USD COM G2519Y108 10,569 67,981 SH   DFND 1 67,981 0 0
CREDICORP LTD COMMON STOCK USD COM G2519Y108 26,247 168,821 SH   DFND 2 164,303 0 4,518
CROWN CASTLE INTERNATIONAL COR COM 228227104 2,666 35,900 SH   DFND 2 35,900 0 0
CROWN HOLDINGS INC COMMON STOC COM 228368106 3,095 62,200 SH   DFND 2 62,200 0 0
CVS CAREMARK CORP COMMON STOCK COM 126650100 2,367 31,400 SH   DFND 1 0 0 31,400
CVS CAREMARK CORP COMMON STOCK COM 126650100 20,651 273,996 SH   DFND 2 273,996 0 0
CYTEC INDUSTRIES INC COM 232820100 2,551 24,200 SH   DFND 2 24,200 0 0
DANAHER CORP COMMON STOCK USD. COM 235851102 12,273 155,887 SH   DFND 2 155,887 0 0
DELPHI AUTOMOTIVE PLC COMMON S COM G27823106 3,066 44,600 SH   DFND 2 44,600 0 0
DISCOVER FINANCIAL SERVICES CO COM 254709108 11,654 188,022 SH   DFND 2 188,022 0 0
DOLLAR TREE INC COMMON STOCK U COM 256746108 2,761 50,700 SH   DFND 2 50,700 0 0
EATON CORP PLC COMMON STOCK US COM G29183103 7,355 95,300 SH   DFND 2 95,300 0 0
EBAY INC COMMON STOCK USD.001 COM 278642103 17,366 346,900 SH   DFND 2 346,900 0 0
EOG RESOURCES INC COMMON STOCK COM 26875P101 3,342 28,600 SH   DFND 1 0 0 28,600
EOG RESOURCES INC COMMON STOCK COM 26875P101 12,738 109,000 SH   DFND 2 109,000 0 0
EXXON MOBIL CORP COMMON STOCK COM 30231G102 5,678 56,400 SH   DFND 2 56,400 0 0
FIFTH THIRD BANCORP COMMON STO COM 316773100 7,692 360,300 SH   DFND 2 360,300 0 0
GOOGLE INC CL C COMMON STOCK U COM 38259P706 6,393 11,113 SH   DFND 2 11,113 0 0
GOOGLE INC COMMON STOCK USD.00 COM 38259P508 6,439 11,013 SH   DFND 2 11,013 0 0
HALLIBURTON CO COMMON STOCK US COM 406216101 5,283 74,400 SH   DFND 2 74,400 0 0
HCA HOLDINGS INC COMMON STOCK COM 40412C101 5,852 103,800 SH   DFND 2 103,800 0 0
HESS CORP COMMON STOCK USD1. COM 42809H107 3,352 33,900 SH   DFND 2 33,900 0 0
IHS INC COMMON STOCK USD.01 COM 451734107 7,272 53,600 SH   DFND 2 53,600 0 0
INFOSYS LTD 1 ADR REP 1 INR5 ADR 456788108 10,030 186,526 SH   DFND 1 186,526 0 0
INFOSYS LTD 1 ADR REP 1 INR5 ADR 456788108 55,403 1,030,374 SH   DFND 2 606,074 0 424,300
INTERNATIONAL PAPER CO COMMON COM 460146103 5,279 104,600 SH   DFND 2 104,600 0 0
ISHARES MSCI INDIA INDEX FUND ETF 46429B598 23,177 778,700 SH   DFND 1 778,700 0 0
ISHARES MSCI TAIWAN ETF ISHARE ETF 464286731 24,192 1,524,900 SH   DFND 2 1,524,900 0 0
ITAU UNIBANCO HOLDING SA 1 ADR ADR 465562106 455 31,674 SH   DFND 2 18,525 0 13,149
JPMORGAN CHASE & CO COMMON STO COM 46625H100 26,465 459,306 SH   DFND 2 459,306 0 0
KINDER MORGAN INC/DE COMMON ST COM 49456B101 20,733 571,791 SH   DFND 2 571,791 0 0
KRAFT FOODS GROUP INC COMMON S COM 50076Q106 12,973 216,399 SH   DFND 2 216,399 0 0
L BRANDS INC COMMON STOCK USD. COM 501797104 15,186 258,878 SH   DFND 2 258,878 0 0
LOCKHEED MARTIN CORP COMMON ST COM 539830109 6,702 41,700 SH   DFND 2 41,700 0 0
LYONDELLBASELL INDUSTRIES NV C COM N53745100 21,285 217,973 SH   DFND 2 217,973 0 0
MAGNIT OJSC SPON GDR 144A GDR 55953Q103 11,096 188,065 SH   DFND 1 180,565 0 7,500
MCDONALD'S CORP COMMON STOCK U COM 580135101 20,876 207,225 SH   DFND 2 207,225 0 0
MICROSOFT CORP COMMON STOCK US COM 594918104 16,697 400,408 SH   DFND 2 400,408 0 0
MSC INDUSTRIAL DIRECT CO INC COM 553530106 2,410 25,200 SH   DFND 2 25,200 0 0
MYLAN INC COMMON STOCK USD.5 COM 628530107 6,749 130,900 SH   DFND 2 130,900 0 0
NATIONAL OILWELL VARCO INC COM COM 637071101 3,665 44,500 SH   DFND 2 44,500 0 0
NOBLE ENERGY INC COMMON STOCK COM 655044105 7,088 91,500 SH   DFND 2 91,500 0 0
ORACLE CORP COMMON STOCK USD.0 COM 68389X105 9,271 228,741 SH   DFND 2 228,741 0 0
PAYCHEX INC COMMON STOCK USD.0 COM 704326107 8,632 207,700 SH   DFND 2 207,700 0 0
PENTAIR PLC COMMON STOCK USD.1 COM H6169Q108 6,931 96,100 SH   DFND 2 96,100 0 0
PETROLEO BRASILEIRO SA 1 ADR R ADR 71654V101 1,772 113,300 SH   DFND 2 113,300 0 0
PFIZER INC COMMON STOCK USD.05 COM 717081103 35,883 1,209,012 SH   DFND 2 1,209,012 0 0
PHILIP MORRIS INTERNATIONAL IN COM 718172109 36,740 435,770 SH   DFND 2 435,770 0 0
PNC FINANCIAL SERVICES GROUP I COM 693475105 18,602 208,895 SH   DFND 2 208,895 0 0
PPG INDUSTRIES INC COMMON STOC COM 693506107 3,627 17,259 SH   DFND 2 17,259 0 0
PRAXAIR INC COMMON STOCK USD.0 COM 74005P104 18,669 140,534 SH   DFND 2 140,534 0 0
PROCTER & GAMBLE CO/THE COMMON COM 742718109 26,768 340,600 SH   DFND 2 340,600 0 0
SAMSUNG ELECTRONICS CO LTD 2 G GDR 796050888 1,848 2,861 SH   DFND 1 2,861 0 0
SEMPRA ENERGY COMMON STOCK NPV COM 816851109 26,503 253,112 SH   DFND 2 253,112 0 0
SOUTHERN COPPER CORP COMMON ST COM 84265V105 3,547 116,800 SH   DFND 1 116,800 0 0
SOUTHERN COPPER CORP COMMON ST COM 84265V105 11,477 377,900 SH   DFND 2 367,900 0 10,000
TAIWAN SEMICONDUCTOR MANUFACTU ADR 874039100 14,060 657,300 SH   DFND 1 657,300 0 0
TAIWAN SEMICONDUCTOR MANUFACTU ADR 874039100 25,180 1,177,175 SH   DFND 2 1,177,175 0 0
TURKCELL ILETISIM HIZMETLERI A ADR 900111204 1,721 110,300 SH   DFND 1 110,300 0 0
TWENTY-FIRST CENTURY FOX INC C COM 90130A101 15,673 445,900 SH   DFND 2 445,900 0 0
TWITTER INC COMMON STOCK USD.0 COM 90184L102 2,159 52,700 SH   DFND 2 52,700 0 0
UNITED TECHNOLOGIES CORP COMMO COM 913017109 20,681 179,138 SH   DFND 2 179,138 0 0
VALERO ENERGY CORP COMMON STOC COM 91913Y100 1,939 38,700 SH   DFND 2 38,700 0 0
VERIZON COMMUNICATIONS INC COM COM 92343V104 37,461 765,600 SH   DFND 2 765,600 0 0
VIPSHOP HOLDINGS LTD ADR USD.0 COM 92763W103 244 1,300 SH   DFND 2 1,300 0 0
WASTE MANAGEMENT INC COMMON ST COM 94106L109 9,429 210,800 SH   DFND 2 210,800 0 0
WELLPOINT INC COMMON STOCK USD COM 94973V107 4,332 40,261 SH   DFND 2 40,261 0 0
WIPRO LTD ADR ADR 97651M109 6,484 545,300 SH   DFND 1 357,900 0 187,400
WISCONSIN ENERGY CORP COMMON S COM 976657106 535 11,400 SH   DFND 2 11,400 0 0