The local shares index has dropped sharply towards the 3000 mark.

本地股指骤降，直逼3000点大关。

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The RBA said hedge funds returned the same as local shares over the past five years, or 12% a year after fees, albeit with lower volatility.

RBA说在过去的5年中，对冲基金和本地股票的回报相同，扣去费用之后为12%每年，尽管拥有较低的波动性。

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They typically have local market shares of below 5%.

他们当地的市场份额通常小于5%。

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As investors poured into local shares, they needed local currencies to make their purchases.

ECONOMIST: Too soon to celebrate | The

These come in two kinds: depositary receipts traded in New York, and local shares that only Russians can buy.

ECONOMIST: Face value

Top holdings come from Columbia, Poland, Kazakhstan and Chile, but again, the fund owns their ADRs rather than local shares.

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