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Taiwan Inds Otani South Russia Memo Thatand Malays., Saud. OaMn A Alma rabia SOW* Guam** &Mk FTSE. BAMM000,1 Atom LP FTSE inclusion done; MSCI EM decision to be announced in June Saudi Arabia is also nominated for inclusion in the widely tracked MSCI EM Index, with a decision on inclusion to
er by the Head of the Kanto Local Finance Bureau (Kinsho) No. 117. Member of associations: JSDA, Type II Financial Instruments Firms Association and The Financial Futures Association of Japan. Commissions and risks involved in stock transactions - for stock transactions, we charge stock commissions and consumption tax by multiplying the
3% 12.2% Shanghai SE 2117 42% Utilities 47% 8.2% -20.4% 5.2% *Levels/returns as of Nov 08, 2012 Overall 15.6% 13.2% 4.4% 12.2% Local currency except MSCI EM $ Source: J.P. Morgan HOUSE_OVERSIGHT_026576 --- PAGE BREAK --- Global Asset Allocation The J.P. Morgan View 09 November 2012 Jan Loeys (1-212)
Page: HOUSE_OVERSIGHT_026577 →ms: JPMorgan Securities Japan Co., Ltd., Kanto Local Finance Bureau (xinsho) No. 82 Participating Association / Japan Securities Dealers Association, The Financial Futures Association of Japan, Type II Financial Instruments Firms Association and Japan Investment Advisers Association. Korea: This report may have been edited or contributed to
Page: HOUSE_OVERSIGHT_026579 →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 investors we just released our quarterly publication "Trade opportunities for long term investors" Mar 27. We monetize risk premia i
Page: HOUSE_OVERSIGHT_030850 →ms: JPMorgan Securities Japan Co., Ltd., Kanto Local Finance Bureau (kinsho) No. 82 Participating Association / Japan Securities Dealers Association, The Financial Futures Association of Japan, Type II Financial Instruments Firms Association and Japan Investment Advisers Association. Korea: This report may have been edited or contributed to
Page: HOUSE_OVERSIGHT_030855 →Entities connected to both MSCI EM and The Financial Futures Association of Japan

Frankfurt
LOCATIONthe Prudential Regulation Authority
ORGANIZATION
United Kingdom
LOCATION
Deutsche Bank
ORGANIZATIONBaFin
ORGANIZATION
New Zealand
LOCATIONthe Securities and Futures Commission
ORGANIZATION
JPMorgan Chase
ORGANIZATION
Malaysia
LOCATION
Philippines
LOCATIONthe Stock Exchange of Thailand
ORGANIZATIONthe Central Bank of Brazil
ORGANIZATION
the Ministry of Finance
ORGANIZATIONthe Philippine Stock Exchange
ORGANIZATIONBombay Stock Exchange Limited
ORGANIZATIONthe Taiwan Securities and Futures Bureau
ORGANIZATIONthe Mexican Stock Exchange
ORGANIZATIONthe Indonesia Stock Exchange
ORGANIZATIONKanto Local Finance Bureau
ORGANIZATIONEngland & Wales
LOCATION