EFTA Document EFTA01459673

aw Il Global Fixed Income Combing the Field for Yield Powerful Flows to U.S. 1.000 - 800 600 • 400 • 200 0 -400 •600 600 Mar•2009 Mar•2010 Mr•2011 Mar•2012 Mr•2013 Mar•2014 Mar-2015 -.United States -Euro Area -Japan Given the superior yield and solid economic outlook, U.S. bonds have seen steady inflows on a rolling 12 month basis while European bonds have seen steady outflows. Footnotes: Data as of August 2015. Source Deutsche Bank Global Markets Deutsche Bank Wealth