EFTA01092062.pdf

You are invited to participate in a special conference call The post-stimulus economy: Positioning portfolios for 2012 Wednesday, November 30, 2011 at 10:00 a.m. Eastern Time featuring Michael Cembalest, Chief Investment Officer, J.P. Morgan Private Bank Market volatility has continued throughout 2011 and shows no signs of abating next year. All eyes remain on the troubles in Europe, which continue to ripple through global markets as the political scene shifts. Meanwhile, in the U.S., failure to reach an agreement on deficit reduction has dented confidence further. Join us to hear Michael discuss these issues and share his views on: • The impact Europe continues to have, and what recent developments mean for markets and portfolios • The political risks remaining in developed markets • The implications of falling credit availability in Asia • What lies ahead for the post-stimulus world Remaining invested—with the appropriate allocations—is key. Michael will talk about how we are positioning portfolios as we approach 2012 to withstand volatility and capitalize on opportunities offered by market dislocations. ASK QUESTIONS We invite you to submit any questions you would like us to address during the call to and please copy your J.P. Morgan representative. VIEW SLIDES AND HEAR THE AUDIO ON YOUR COMPUTER To register for the webcast and to access the presentation during the call, please go to: LISTEN ONLY Toll-free: 877.804.2965 Toll: 706.902.2073 Conference ID: 31021839 LISTEN TO THE REPLAY A replay will be available December 1 - January 6 Toll-free: 855.859.2056 Toll: 404.537.3406 Conference ID: 31021839 To access the presentation following the call, go to: You have been invited to attend a call concerning current market conditions featuring Michael Cembalest, Chief Investment Officer for J.P. Morgan's private clients. By accepting this invitation, you understand that the call is intended for informational purposes only and reflects the opinions of Mr. Cembalest, whose views may differ from those of other J.P. Morgan affiliates. It is not permissible to forward this information to anyone else. The information contained on the call is not intended as a solicitation for any product or service offered by J.P. Morgan or any of its affiliates. The views and strategies discussed may not be suitable for all investors. "J.P. Morgan Private Bank" is a marketing name for private banking business conducted by J.P. Morgan Chase & Co. and its subsidiaries worldwide. In the U.S., Securities are offered by J.P. Morgan Securities LLC member FINRA, NYSE, and SIPC. J.P. Morgan Securities LLC. is an affiliate of JPMorgan Chase Bank, N.A. Investment products: Not FDIC insured • No bank guarantee • May lose value EFTA01092062 About Michael Cembalest Michael Cembalest is Global Head of Investment Strategy for J.P. Morgan's Asset Management business. In that role, he leads Asset Management's analyses of global markets for $1.8 trillion of client assets worldwide. In addition, as Chief Investment Officer for global private banking at J.P. Morgan, Mr. Cembalest is responsible for the day-to-day strategic and tactical asset allocation for $700 billion in client assets. Mr. Cembalest is also a member of the J.P. Morgan Asset Management Investment Committee and a member of the Investment Committee for the J.P. Morgan Retirement Plan for the firm's 236,000 employees. Mr. Cembalest was formerly head of a fixed income division of J.P. Morgan Investment Management with responsibility for high grade, high yield, emerging markets and municipal bonds. Prior to joining Asset Management, Mr. Cembalest served as head strategist for Emerging Markets Fixed Income at J.P. Morgan Securities. Mr. Cembalest joined J.P. Morgan in 1987 as a member of the firm's Corporate Finance division. Mr. Cembalest earned an M.A. from the Columbia School of International and Public Affairs in 1986 and a B.A. from Tufts University in 1984. J.P. Morgan EFTA01092063