EFTA01454522

1 July 2014 Early Morning Reid: Macro Strategy Figure 27 Total Return Performance of Major Global Financial Assets -June 2014 15% 10% 5% I • Corp Bond •Govt Bond a Equity NEM Equity • EM Bond -Commodity IX " rJ romety.-6- .-0 i bt E.13(98 kl8e- al i. lte. if'21-4;itngleif.1 ' mg x g ; ; 1c§5 2:.eualL704 1 201 acign iic cE .8 g Cc a it " CI) CI = t ;22 L'a i r. it 0 -z t_o co t_t2c• 2S° w' 2 CC 0 COMM IIIIACAC, ,L 8 a a t ,„ 0 N a Sarre Drawee ata tawneers 're-ce "e tutor j (Figure 3: Total Return Performance of Major Global Financial Assets- O2 2014 15% 10% 5% 0% -5% •10% -15% -20% -25% •Corp Bond •Govt Bond Equity •EM Equity •EM Bond Commodity " FX . . 1.1 Ai .1. .1 .1, .t, .. (Ji - 3 P.- a 21O 3 3 C Q gi291= 2=Hie E 1026 22 1 6 1 08. O a3 risj 1 LA & ,) Dal 119 a3 it Ej; Eth W 0 miaow -) nu, 11.1 r o 7d g t7 0 2 D — • D — 0 5,3 4.1 2 - °go IA CA O. Sea Deureafaant Ikarenbeas Men ISA SIM Page 4 Deutsche Bank AG/London CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0112671 CONFIDENTIAL SDNY_GM_00258855 EFTA01454522