EFTA Document EFTA01458000

eke muttons rec.• The 5y ectues t v lefjed, Maeda% pnpnthes PorliOho iigivvirmcwo Wee Investment traffic lights Our tactical and strategic view *Eurozone (equities) While we stay neutral on Europe. we upgrade the Eurozone to overweight. The danger of a "Grexit- appears to have passed its peak so that investors can again focus on corporate data which should benefit from accelerating domestic consumption. *Germany (equities) r÷.2,U4 G)I!. Although German equities stand to benefit