From: Amanda Kirby

From: Amanda Kirby To: Paul Morris < Subject: October 2013- INVESTMENT INSIGHTS Date: Thu, 03 Oct 2013 15:05:30 +0000 Attachments: Investment_Insights_10_2013_US.pdf Inline-Images: mime_part_l.gif; mirne_part_2.gif; mime_part_3.gif Classification: Public October 2013- INVESTMENT INSIGHTS Investment Insights is a collaborative effort based on ongoing discussions among GIC members regarding the global economy, capital markets, asset classes, high conviction ideas, themes and risk management. This issue includes: -Introduction from the CIO -Regional Perspective -House View: -Macroeconomics -Investment Implications -Asset Allocation -Forecasts and current data summarized -High Conviction Ideas -Key Contacts: Global Investment Committee (GIC) Wealth Management It is our goal to provide you with a timely piece that represents the best thinking of the PWM Global Investment Committee. I welcome your feedback on Investment Insights. Benjamin Pace U.S. Chief Investment Officer / Head. Global Investment Solutions-Americas Deutsche Bank Trust Company Americas Private Wealth Management York. NY 10154 This communication may contain confidential and/or privileged information. If you are not the intended recipient (or have received this communication in error) please notify the sender immediately and destroy this communication. Any unauthorized copying, disclosure or distribution of the material in this communication is strictly forbidden. EFTA00382015 Deutsche Bank does not render legal or tax advice, and the information contained in this communication should not be regarded as such. EFTA00382016