That beats out other ETFs that track banking, materials, clean energy and even Brazil.

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Mr Hofmann, a veteran of Wall Street, was the only senior manager at Dresdner, and one of very few in Germany, with a substantial track record in investment banking.

ECONOMIST: Dresdner Bank

Apart from anything else, it is hard to find anyone who would knock Jain's track record through the global banking crisis and beyond.

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