EFTA01454537.pdf

1 July 2014 Early Morning Reid: Macro Strategy 'Figure 4: Total Return Performance of Major Global Financial Assets - YTD 2014 20% ',Corp Bond • Coin Bond Equity NEM Equity a EM Bond ', Commodity 4, FX 16% 10% 5% 0% -5% is aaat Bit !ii rr -10% cg e, 2 x y To = c .O 5 .O c O.n. O *3 2- x 2 21 2 O 3 > a u.• • O s n itC is X A L') 8 C *a . .<- al 72: r0 Erna) ch a co XOcocco 'O taco — — x cn c0 0 (0 0 DC)cc<c03 = • D comi— gco co 42 = a _x Lu LU w § ap. Cx C O eL o e ?.(...•28 (0 0 0 .c ati > ol-ZZai— 2 (.7 Doi z g LL a. w- CI )- — a' 0 •8 D IS 'E D v) 0 In Ln D(.; th SirS IL L.7 F- LL § ) N' D a 2 2 cn cn B Son bath* Suit Illeernawy Shares LIP, mob. [Figure 5: Total Return Performance of Major Global Financial Assets-- YTD 2014 (in USD) •Corp Bond • Govt Bond Equity •EM Equity •EM Bond =Commodity -FX 5% 0% -5% -10% ad r, r i 2x thi e w 6 m 4t,s31 ogg - tc tg in 0% g rt - , „: .8 3;Igs g3 I- 312 § tu Nil II 11 s ut 8z m,LuDwor3<>-..°)ii.- owls= 2 z a 03 E4. co cr 0 0 (9 tx —) IL m it 0 r a a D D D D D D el 0 - • LLI § to cr ct a 6 O a Saint Dosch. Bet Elloonbey Wove LIP, At. _J Deutsche Bank AG/London Page 5 CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0112691 CONFIDENTIAL SDNY_GM_00258875 EFTA01454537