The Morgan Stanley Capital International World Index climbed a modest 0.5% in February, while the EAFE gained only 0.2% in U.S. dollar terms. The Emerging Markets Free Index fell 1.8%. India's market, with a 22% gain in dollar terms, was the world's best performer last month. Argentina's was the worst, with a 14.3% decline. Among the developed markets, the best performer was Sweden, with its 9.6% rise, while the weakest performer was Finland, which fell 2.2%.