EFTA01458644.pdf

Deutsche Asset & Wealth Managment Multi Asset Investment Committee (MIC) forecasts FC6th;f1£IS FcA.ri:,ed; Key ao.itudjn bord yield 2016 ez:i1CIr4^, se,,,,;nitx., 2':6 USA (S&P 500) 2.160 USA 225 EUR/USD too Etnozone (Euro STOXX 50) 3.600 ~many 0.75 USCIMPY 130 Germany (DØ 11.400 UK 2.15 EUR/JPY 130 UK (ETSE 100) 6,500 Japan 0.35 EUR/GBP 0.67 Japan (MSCI Japan)) 1,020 USCPG8P 149 September 201e Asu ex Japan (MSC' in USD) 510 teat America (1ASC1 in USD) 1.700 OfI (WTI) 55 Gold in USD 1250 Forecasts are from the DeAVVM Quarterly Chief Invesimenl Office (CIO) Day on September 21, 2015. Facts and Figures -2569 -555~-. 21444 3 Wm 51es :94 isTO 010 1-00 1215 r"›. 3""' 5 Vs« 145 TM mo no 12 149.2 Rem Ram Rein Rewn ReWn Relv4 RMun ea,. Ree4" Rtmn Re». Raton Raw Ram Rah" {An% 5144, 0444 N rette 4440 2Teee Tram.° 0 6% 0.1% 0.3% 03% 00% 1.1% Oa 06% ant SAP 503 19200 .06% .23% 44% -5.114 •04% 91% 12.4% 1351 10.4.94 Tr..., 21% 10% 1.4% 29% 24% 60% 5.2% 1.4% 315 1.1512119914(USDi 311.7 46% -3.6% 43% 499% 42% 25% 7,5% 244 41921Etro»ex (RI 30.4esTreaswy 20% 1.7% In 51% -1.1% 69% 11.1% 24% 4.3% ØI 4095 43% 40% 41% -0 7% 65% te% 0.51 -on a" 02% -05%-01% -1.4% 14% 111111/1501 11117 -On 41.0% -100% 42% -121% -34% 30% 4911 Ifercle9e 045 33% 02% 0911 06% -0 5% 1.5% 40% 80% OM MSCIaepSØl 9723 -17% 47% -11.7% 0.5% -IA% -05% 92% 01% " se>" s »94 "I' 50% .1.2% -19% -49% 425% 4.4% 1.7% an 61% 1150 Lame »SDI 15M.6 01% -245% -551 -365% -219% -17.5% -117% eat*" em1eg 4erieel ox a" .13% -2.4,4 .i." 33% 13% 47% 415CI A» et 50615Di 4632 02% .169% -1$3% •12I% -24% 02% 07% Iteles114.4195% 114.41Welui94m IV& WO OTO YTD 12145 144% onang Char. Chem Chan; Cnerg ' Yew 5 Yaw WA MID 070 YTD 12~5 2"y 3"e% Sven MM elan 4.5 •On son •on •On Ch." Ch" . 09454 50554 Ø 124444 C57444 11995 ~04 19-499 494/ »9 541 144I bp) Ta 441 Gm* 5114•45100 40 50 23 »II 53 0 23.0 16.0 00 35.4 50049 059 163 -0 10 447 -I.» -1.30 43» 020 2» 1.42 ligh»WO Speed, 430 570 MI 154 147 2050 1090 70 90 »90 19444 PIC %TIM 153 -0 13 445 495 -031 032 251 O.» , 0 NW Ewen« Ulf At 954.9491.49me„ 22 400 03 40 1320 GO 0 107 0 1320 150 OW -110 -1l0 -0.$9 -0.7$ 020 3.05 1,51 9/4454 hMl Fed Funds Ram 05 000 000 000 oce 000 000 000 000 ~UK PÆILTMI 0.0 000 .0.» 471 006 -0.7/ 040 1.03 1.0? IASCI 9~ PIE ILTMl 145 -0 59 -355 -3620 4303 45115 44.13 4190 Warn PIE ILTY9 123 -567 49/ .2K• • I.71 -0 40 .153 5150 An» 45 RE connemirankenalkns " 5 .05 -0 , 7 -I .057 -091 .105 45S weir 3%,« 5Year ctn., I -VA WEI OTD 4.D 1215 Ream Rain mw, Return Rain Rem. Rea Reumpe.,, iteityfinertostrePubOsinflak (4,4) 54n) 115112 31% Relay* Me 095944. "IN 04l I .11% 44% .24 1%45 411-5051.43 -0I 2% .10 I% 0.941 SInn7IIT °V.'ar» F Ian', Inept 4444 orem., 141111119 ~Fula, 1I II& -27% .15% 494 415 40% -63% -143% -02% 5414 9:0 21% 4206 75% -2 1% 13•15D-01•54•4 903.0 4.4% 43% 125% 151%.151%.33.0% 55% -7.!% 1451Wald 20% 4121 70% -20% RegAerUrealed 2, -01% 45% 00% 22% -31.2% 454% -33% LISCI Europe« UR 31% 43 42 05% A 6% On Peke Trad•W49444 -2 01% 04% Oa 01% 121% 00% (II% 41% MSC' UK 39% 4676 22% 42% 059145. VOI5dee 24,5 10.7% .134% 344% 279% 502% 21.5% 110% 07% IRO »tam 14% 41 54 Ill% -01% 14.591494 re 96 26% 4261 79% -57% 4ISCI Japan 17% 53 46 153% 0% Current data as of Sep ember 30. 2015. Data source FactSet, negative numbers are in red. No assurance can be given that any forecast or target can be achieved. Forecasts are based on assumptions, estimates, opinions and hypothetical models which may prove to Deutsche Asset be incorrect. Past performance is not indicative of future returns. Investments come with 5 & Wealth Pi:lanai:1~ risk. The value of an investment can fall as well as rise and you might not get back the October 2. 2015 amount originally invested at any point in time. Your capital may be at risk. CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0 18645 CONFIDENTIAL SDNY_GM_00264829 EFTA01458644