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  CHOU ASSOCIATES MANAGEMENT INC.
 
Annual Rates of Return (as of Dec.31, 2007)

 

 

 

 

For Series A units:

Year Chou
Associates
Chou
RRSP
Chou
Asia
Chou
Europe
Chou Bond
2007
-10.22%
-9.25%
16.25%
-15.14%
-2.65%
(USD)
5.77%
6.91%
36.95%
-0.03%
14.68%
2006
18.77%
9.63%
15.15%
10.70%
22.00%
(USD)
18.84%
9.69%
15.22%
10.76%
22.08%
2005
13.69%
15.70%
7.00%
11.35%
3.89%***
2004
9.02%
13.36%
18.50%
13.61%
 
2003
3.57%
11.62%
*2.82%
**4.59%
 
2002
29.99%
31.85%
-
 
-
2001
21.44%
17.02%
-
 
-
2000
8.37%
16.49%
-
 
-
1999
-9.63%
-6.67%
-
 
-
1998
23.22%
18.53%
-
 
-
1997
40.31%
50.64%
-
 
-
1996
22.69%
22.05%
-
 
-
1995
31.01%
19.03%
-
 
-
1994
-2.58%
-10.56%
-
 
-
1993
16.19%
15.36%
-
 
-
1992
20.00%
9.15%
-
 
-
1991
23.25%
4.41%
-
 
-
1990
-10.68%
-11.34%
-
 
-
1989
18.70%
16.85%
-
 
-
1988
14.27%
13.52%
-
 
-
1987
5.02%
8.18%
-
 
-

* Return from September 19th, 2004

** Return from September 19th, 2004

*** Return from September 16th, 2005

Disclaimer: Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. Mutual funds are not guaranteed, their value change frequently and past performance may not be repeated.