EFTA01454536.pdf

1 July 2014 Early Morning Reid: Macro Strategy Figure 27 Total Return Performance of Major Global Financial Assets -June 2014 15% • Corp Bond •Govt Bond a Equity NEM Equity • EM Bond -Commodity IX 10% 5% I rJ 0% " -5% -10% -15% mg bt E.13(98 kl8e- al i' . 1gif'21 -4;88 2R1 21.1 ' x g ; ; 1c§8 R:.eualL734 1 201 acign iicg Cc a it " CI) C. t 2 LI' C. C. it 0 -z t_o co t_t2c• CC in 2S (.2v) 2 0 ODD LLIOCI)0 ,L 8 aa t0 ,„ N a Sarre Drawee ata tawneers ran:. e ttte j (Figure 3: Total Return Performance of Major Global Financial Assets- O2 2014 15% •Corp Bond •Govt Bond Equity •EM Equity •EM Bond Commodity " FX 10% 5% 0% . . 1.1Ai .1. .1 .1, .t, .. (Ji - -5% •10% -15% -20% -25% E 3s 6 p.-gth ak§i§vaEc.3.O 3 3 l',1E?f2i2 ., 1 2 1° go gi2 91= =Hie if ub a ,2 6.1,„D a3 tre izeELE • 1, Lc cl) o ug o > C. (4 im u) u. 0 D Ln a D U1 —> I cc DS ILI °r o I 2 M D D — 0 5,3 LIJ 2 1.11 °go- (1. Sea Deureafaant IkarenbeasMenUM SIM Page 4 Deutsche Bank AG/London CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0112690 CONFIDENTIAL SDNY_GM_00258874 EFTA01454536