EFTA01457956.pdf

IX ter -et recto The big Kula Itnernetent vete 'tents AtlitnIttt prsputivos Pelee° 1441eotencuan eke, Nine positions Our key forecasts Central bankers warn against U.S. central bank is most likely to Bond yields are expected to recover overheated markets. hike rates in September. slightly. •Y*4 tc re,aN isms 201a far 10mrirr Sundt • (kotche AWM !emcee: as of 611e/ IF Deutsche AVVM hyena,:: al of emits Markets prove resilient to the Greek Long-term confident on China. Agreement with Iran is likely to add crisis. pressure on oil prices. Trading ranges are key - buy at the Be prepared for opportunities - Asset allocation of our balanced bottom, sell at the top. some cash could be useful. model portfolio: C74,11141ditt fotenttea• • CAS Retinae Foal it • Altetreaeeth ere not wattle tof eh clietita. Important terms are explained in our glossary. Past performance is not indicative of future returns. No assurance can be given that any forecast, investment objectives and/or expected returns will be achieved. Allocations are subject to change without notice. Forecasts are based on assumptions, estimates, opinions and hypothetical models that may prove to be incorrect. Source: Deutsche Asset & Wealth Management Investment GmbH, as of 7/2 1/15 2 trel...• Govt."! Amcncr*Eonar•lar.Npan 2015 CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0117689 CONFIDENTIAL SDNY_GM_00263873 EFTA01457956