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; has been considered and distributed in Japan by Merrill Lynch (Japan), a registered securities dealer unde
sector is towards the higher range of its post-GFC range. UK supermarkets have had their relief rally. Despite challenges facing UK food retailers, Tesco has rallied 25% and Morrison’s 15% since Brexit as retail spending has held up and the short base grew massively immediately following the UK-EU vote
Page: HOUSE_OVERSIGHT_014490 →Excl Lynch Israel Limited, regulated by Is DIFC): Merril Comisidn Nacional del Mercado De errill Lynch King
} where post EU referendum realised vol was the highest relative to current 1y ATMf vol. The 10 names are: Barclays, Aviva, Prudential, BT, Glencore, Tesco, CRH, BA, Standard Chartered & HSBC. Hedge portfolios against a buy-the-dip failure should a faster rate cycle ultimately jeopardize it he MSCI inc
Page: HOUSE_OVERSIGHT_014992 →) where post EU referendum realised vol was the highest relative to current 1y ATMf vol. The 10 names are: Barclays, Aviva, Prudential, BT, Glencore, Tesco, CRH, BA, Standard Chartered & HSBC. Hedge portfolios against a buy-the-dip failure should a faster rate cycle ultimately jeopardize it Sell rich F
Page: HOUSE_OVERSIGHT_023597 →e matters re report sho! ld contact ea los F 06872E A efined by s.761G of the Cor ing Institution under the Banking Act 1959 nor regu ion is by Merri DIFC) are done so in accordance wit distributes this report i red and issued its non-US aff uld do so through MLPI ated or publicatio the FCA and t
Page: HOUSE_OVERSIGHT_023609 →Entities connected to both Merri and Tesco

Donald Trump
PERSON
Merrill Lynch
ORGANIZATION
Bank of America
ORGANIZATION
Michael Bloomberg
PERSON
Bank of America Corporation
ORGANIZATION
Frankfurt
LOCATION
Merrill Lynch Global Wealth Management
ORGANIZATION
Marc Rich
PERSONMerchant Bank
ORGANIZATION
BofA Merrill Lynch
ORGANIZATION
United Kingdom
LOCATIONILynch
ORGANIZATIONThe Financial Service Board
ORGANIZATIONMerrill Lynch International Incorporated
ORGANIZATIONMerrill Lynch (Asia Pacific) Limited
ORGANIZATIONBaFin
ORGANIZATIONOtoritas Jasa Keuangan
ORGANIZATION
Bank of America, N.A.
ORGANIZATIONthe Securities and Futures Bureau
ORGANIZATIONthe Prudential Regulation Authority
ORGANIZATION