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rising from, or in connection with, the document. Japan: JPMorgan Securities Japan Co.. Ltd. is regulated by the Financial Services Agency in Japan. Malaysia: This material is issued and distributed in Malaysia by 1PMorgan Securities (Malaysia) Sdn Bhd ( I 8146-X) which is a Participating Organization of
nd the Prudential Regulation Authority. Registered in England & Wales No. 2711006. Registered Office 25 Bank Street, London, El4 5.1P. South Africa: J.P. Morgan Equities South Africa Proprietary Limited is a member of the Johannesburg Securities Exchange and is regulated by the Financial Services Board. Hong Kong: J.P. Morgan Securities (Asia Pacifi
rising from, or in connection with, the document. Japan: JPMorgan Securities Japan Co., Ltd. is regulated by the Financial Services Agency in Japan. Malaysia: This material is issued and distributed in Malaysia by JPMorgan Securities (Malaysia) Sdn Bhd (18146-X) which is a Participating Organization of Bu
and the Prudential Regulation Authority. Registered in England & Wales No. 2711006. Registered Office 25 Bank Street. London. El4 5JP. South Africa: J.P. Morgan Equities South Africa Proprietary Limited is a member of the Johannesburg Securities Exchange and is regulated by the Financial Services Board. Hong Kong: J.P. Morgan Securities (Asia Pacifi
rising from, or in connection with, the document. Japan: JPMorgan Securities Japan Co., Ltd. is regulated by the Financial Services Agency in Japan. Malaysia: This material is issued and distributed in Malaysia by JPMorgan Securities (Malaysia) Sdn Bhd (18146-X) which is a Participating Organization of Bu
and the Prudential Regulation Authority. Registered in England & Wales No. 2711006. Registered Office 25 Bank Street. London. E14 5JP. South Africa: J.P. Morgan Equities South Africa Proprietary Limited is a member of the Johannesburg Securities Exchange and is regulated by the Financial Services Board. Hong Kong: J.P. Morgan Securities (Asia Pacifi
nities for Halliburton over the next several years is pursuing integrated project management (1PM) work outside the U.S. With one project underway (Malaysia), another poised to begin (Humapa in Mexico), and third under negotiation (Ecuador), national oil companies are getting creative, looking to use the
and the Prudential Regulation Authority. Registered in England & Wales No. 2711006. Registered Office 25 Bank Street, London. El4 SIP. South Africa: J.P. Morgan Equities South Africa Proprietary Limited is a member of the Johannesburg Securities Exchange and is regulated by the Financial Services Board. Hong Kong: J.P. Morgan Securities (Asia Pacifi
3.5 Indonesia 5.8 49 SI 6.0 4.1 5.,Q 5.0 45 5.3 54 62 4.6 4.6 Korea 3.0 38 40 3.6 3.8 21 t 4.7 4.0 4.0 IA 1.6 t 2.3 2.9 Malaysia 4.7 55 5.1 7.6 3.3 Ill 5.5 5.5 50 30 3.3 3.5 5.2 Philippines 7.2 6.0 6.4 6.1 4.9 LA 5.7 5.7 65 3.5 4.0 3.6 3.8 Ssigapore
and the Prudential Regulation Authority. Registered in England & Wales No. 2711006. Registered Office 25 Bank Street. London, El4 SIP. South Africa: J.P. Morgan Equities South Africa Proprietary Limited is a member of the Johannesburg Securities Exchange and is regulated by the Financial Services Board. Hong Kong: J.P. Morgan Securities (Asia Pacifi
rising from, or in connection with, the document. Japan: JPMorgan Securities Japan Co., Ltd. is regulated by the Financial Services Agency in Japan. Malaysia: This material is issued and distributed in Malaysia by JPMorgan Securities (Malaysia) Sdn Bhd (18146-X) which is a Participating Organization of Bu
and the Prudential Regulation Authority. Registered in England & Wales No. 2711006. Registered Office 25 Bank Street, London. El4 SIP. South Africa: J.P. Morgan Equities South Africa Proprietary Limited is a member of the Johannesburg Securities Exchange and is regulated by the Financial Services Board. Hong Kong: J.P. Morgan Securities (Asia Pacifi
na. As within DM, we see a lot of divergences within EM and prefer to focus on under-owned markets with good domestic demand story such as Mexico and Malaysia. See "Consensus Asset Allocation", Adrian Mowat and team, Mar 26th. Open overweights in Mexican and Malaysia equities vs MSCI EM. • For long-term inv
Page: HOUSE_OVERSIGHT_030850 →ated by the Financial Services Authority. Registered in England & Wales No. 2711006. Registered Office 25 Bank Street, London, E14 5JP. South Africa: J.P. Morgan Equities South Africa Proprietary Limited is a member of the Johannesburg Securities Exchange and is regulated by the Financial Services Board. Hong Kong: J.P. Morgan Securities (Asia Pacific
Page: HOUSE_OVERSIGHT_030854 →Entities connected to both Malaysia and J.P. Morgan Equities South Africa Proprietary Limited

New Zealand
LOCATION
Philippines
LOCATION
Bloomberg L.P.
ORGANIZATION
United States
LOCATION
Columbia University
LOCATION
Chile
LOCATION
Hungary
LOCATION
Venezuela
LOCATION
Saudi Arabia
LOCATION
Frankfurt
LOCATION
Romania
LOCATIONthe Mexican Stock Exchange
ORGANIZATION
Uruguay
LOCATION
JPMorgan Chase
ORGANIZATIONJapan Investment Advisers Association
ORGANIZATIONthe Capital Market Authority
ORGANIZATIONthe Securities and Futures Commission
ORGANIZATION
the Ministry of Finance
ORGANIZATION
Bangkok
LOCATIONthe Securities and Exchange Commission
ORGANIZATION