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
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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
58.COM INC ADR COM 31680Q104 536,760 14,000 SH   SOLE   14,000 0 0
AUTONAVI HOLDINGS LTD ADR COM 05330F106 1,331 93,400 SH   SOLE   93,400 0 0
AUTOHOME INC ADR COM 05278C107 587 16,000 SH   SOLE   16,000 0 0
BAIDU INC SPON ADR COM 056752108 1,121 6,300 SH   SOLE   6,300 0 0
CTRIP.COM INTERNATIONAL ADR COM 22943F100 695 14,000 SH   SOLE   14,000 0 0
ISHARES MSCI BRAZIL COM 464286400 13,513 302,439 SH   SOLE   302,439 0 0
ISHARES MSCI CHILE INVESTABL COM 464286640 3,806 80,103 SH   SOLE   80,103 0 0
ISHARES MSCI CHINA INDEX COM 46429B671 10,376 215,173 SH   SOLE   215,173 0 0
ISHARES MSCI EMERGING MKT IN COM 464287234 505 12,100 SH   SOLE   12,100 0 0
ISHARES MSCI FRONTIER 100 ETF COM 464286145 12,423 368,200 SH   SOLE   368,200 0 0
ISHARES MSCI MALAYSIA COM 464286830 28,639 1,793,240 SH   SOLE   1,793,240 0 0
ISHARES MSCI MEXICO INVESTAB COM 464286822 61,431 903,393 SH   SOLE   903,393 0 0
ISHARES MSCI PHILIPPINES ETF COM 46429B408 613 19,392 SH   SOLE   19,392 0 0
ISHARES MSCI SOUTH KOREA IND COM 464286772 30,542 472,267 SH   SOLE   472,267 0 0
ISHARES MSCI TAIWAN INDEX FD COM 464286731 180,294 12,503,025 SH   SOLE   12,503,025 0 0
ISHARES MSCI THAILAND INVSTB COM 464286624 2,358 34,350 SH   SOLE   34,350 0 0
MARKET VECTORS INDONESIA IND COM 57060U753 2,126 100,000 SH   SOLE   100,000 0 0
MARKET VECTORS RUSSIA ETF COM 57060U506 5,745 198,980 SH   SOLE   198,980 0 0
MINDRAY MEDICAL INTL LTD ADR COM 602675100 509 14,000 SH   SOLE   14,000 0 0
ISHARES MSCI POLAND CAPPED ETF COM 46429B606 4,927 166,000 SH   SOLE   166,000 0 0
QIHOO 360 TECHNOLOGY CO ADR COM 74734M109 2,224 27,100 SH   SOLE   27,100 0 0
VANGUARD FTSE EUROPE ETF COM 922042874 2,520 42,850 SH   SOLE   42,850 0 0
VIPSHOP HOLDINGS LTD ADS COM 92763W103 3,506 41,900 SH   SOLE   41,900 0 0
WISDOMTREE INDIA EARNINGS FUND COM 97717W422 3,191 182,970 SH   SOLE   182,970 0 0
YY INC ADR COM 98426T106 3,494 69,500 SH   SOLE   69,500 0 0