EFTA Document EFTA01460053

Multi Asset Investment Process The Americas Regional Investment Committee refines asset allocations for clients Multi Asset Investment Committee Global asset allocation 414 Americas Regional Investment Committee (RIC) Asset allocation for U.S. portfolios Selection of third party managers Strategic Asset Allocation - Long term (10-year outlook) - Sensitive to alter-tax returns - Changes infrequently (1 year) Return Tactical Asset Allocation' - Shorter term (12-month outlook) -- Sens