EFTA Document EFTA01458641

Perspective from Larry V. Adam, U.S. Wealth Management CIO and Chief Investment Strategist od o " ';;L The third quarter of 2015 was dominated by weak global trade and deteriorating commodity prices (DJ Commodity Index -14.5% QoQ) that clouded the global growth outlook, especially for the emerging markets. Commodity producing countries such as Russia and Brazil ended the quarter in recession while emerging market (EM) currencies fell to a record low. As a result, aggressive measures w