EFTA01447904.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, al a co XOcocco 'O -oa ts — — x cn c0 0 (0 0 DC)cc<c03 = • D comi— gco csq= a _x Lu LU w § ap. Cx C O eL o e ?.(...•28 (0 0 0 .c ati > oi-ZZiu— 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 4=a ,s31 tg ogg - tc 0% in g rt - „: .8 g3 I- 312 § tu Nil II 11 s , 3;Igsr,m,LuDwor3<>-..°)ii.- ut 8z ouiu-= z a IL m it r 03 E4. co cr 0 0 (9 tx a a D D D D D 0 in Li_ D 0 LLI § W cr r, 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-0102690 CONFIDENTIAL SDNY_GM_00248874 EFTA01447904