Growth stocks and emerging markets helped active international equity managers earn 12% in 2007, compared to the MSCI EAFE index return of 11.2%, according to a report by InterSec Research on its EAFE Plus universe. The median portfolio in the growth universe returned 18.1% vs. 10.1% for the median value portfolio. The median emerging markets equities manager returned 40.4%. Excellent stock selection in Russia and China were the largest contributors to value added for the median, according to the report. The universes consist of 135 international and 60 emerging markets portfolios, with respective total assets of about $1 trillion and $150 billion.