Epstein Secrets

n, Financial Futures Association of Japan, japan investment Advisers Association and Type II Financial Instruments Firms Association. For persons in Malaysia. This document is provided on a confidential basis and made upon your request This document does not constitute. and should not be construed as const

ed in the United Mexican States ("Mexico') by a Foreign Fmancial institution (Institution Financiera del Exterior, not sub act to the supervision of the National Banking and Securities Commission (Comisien Nacional Bancana y de Valores) (the' The securities mentioned herein are not registered in the National Securities Registry (Rogistro Nac

n, Financial Futures Association of Japan, japan investment Advisers Association and Type II Financial Instruments Firms Association. For persons in Malaysia. This document is provided on a confidential basis and made upon your request Tnrs document does not constitute. and should not be construed as const

in the United Mexican States ("Mexico') by a Foreign Fthancial institution (Institution Financiera acel Exterior, not sub act to the supervision of the National Banking and Securities Commission (Comisien Nacional Bancana y de Valores) (the ' CNBV't The securities mentioned herein are not registered in the National Securities Registry (Rogis

Financial Futures Association of Japan, Japan Investment Advisers Association and Type II Financial Instruments Firms Association. For persons in Malaysia. This document is provided on a confidential basis and made upon your request. This document does not constitute, and should not be construed as co

in the United Mexican States ("Mexico") by a Foreign Financial Institution (Institucion Financiera del Exterior) not subject to the supervision of the National Banking and Securities Commission (Comisi6n Nacional Bancaria y de Valores) (the "CNBV"). The securities mentioned herein are not registered in the National Securities Registry (Re

Financial Futures Association of Japan, Japan Investment Advisers Association and Type II Financial Instruments Firms Association. For persons in Malaysia. This document is provided on a confidential basis and made upon your request. This document does not constitute, and should not be construed as co

in the United Mexican States ("Mexico") by a Foreign Financial Institution (Institucion Financiera del Exterior) not subject to the supervision of the National Banking and Securities Commission (Comisi6n Nacional Bancaria y de Valores) (the "CNBV"). The securities mentioned herein are not registered in the National Securities Registry (Re

Financial Futures Association of Japan, Japan Investment Advisers Association and Type II Financial Instruments Firms Association. For persons in Malaysia. This document is provided on a confidential basis and made upon your request. This document does not constitute, and should not be construed as co

in the United Mexican States ("Mexico") by a Foreign Financial Institution (Institucion Financiera del Exterior) not subject to the supervision of the National Banking and Securities Commission (Comisi6n Nacional Bancaria y de Valores) (the "CNBV"). The securities mentioned herein are not registered in the National Securities Registry (Re

Financial Futures Association of Japan, Japan Investment Advisers Association and Type II Financial Instruments Firms Association. For persons in Malaysia. This document is provided on a confidential basis and made upon your request. This document does not constitute, and should not be construed as co

in the United Mexican States ("Mexico") by a Foreign Financial Institution (Institucion Financiera del Exterior) not subject to the supervision of the National Banking and Securities Commission (Comisi6n Nacional Bancaria y de Valores) (the "CNBV"). The securities mentioned herein are not registered in the National Securities Registry (Re

Chinese growth could each hit EM's economic prospects. In such a scenario, we would expect a 20% decline in earnings over six months. More defensive Malaysia would do better, whereas more cyclical South Korea and Russia would underperform. We assume, however, that the market would also be expecting some re

itted for approval. Mexico: This document has been distributed by UBS Asesores México, S.A. de C.V., a company which is not subject to supervision by the National Banking and Securities Commission of Mexico and is not part of UBS Grupo Financiero, S.A. de C.V. or of any other Mexican financial group and whose obligations are not guaranteed by a