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2.3 2.3 Taiwan 2.1 35 38 7.6 1.9 g 4.0 4.2 3.8 0.6 12 1.6 1.9 Thailand 2.9 11 42 0.5 42 3.5 4.0 4.0 42 1.7 2.6 2.9 3.8 Western Europe 0.1 1.4 4 22 1.6 t 12 T IA 4 1.8 4 2.2 22 10 OS 0.9 1.3 Euro area -0.4 19 4 2.0 12 t 0.8 t 1.0 4 1.5 4 2.0 20 0.8 06 0.8 1
ng 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 from time to time by affiliates of J.P. Morgan Securities (Far East) Ltd. Seoul Branch. S
.1 -10.4 -12.5 6.5 -1.4 4.0 7.5 -61.3 EFTA01464546 5.4 -7.5 -8.1 9 8 6 1 -1.5 -6.9 1.8 -5.0 6.0 -1.8 11.5 -1.4 11.2 4.6 11.6 Western Europe -59.4 -64.8 -88.4 -98.9 -112.8 -125.6 -118.5 -109.0 -93.9 -61.1 -60.8 -63.2 -66.4 Germany -29.1 -29.1 -35.9 -39.3 -45.8 -50.6 -47.9 -44.7 -43.0 -2
ureau (Kinsho) No. 117. Member of associations: JSDA, Type II Financial Instruments Firms Association, The Financial Futures Association of Japan, Japan Investment Advisers Association. This report is not meant to solicit the purchase of specific financial instruments or related services. We may charge commissions and fees for ce
.0 4.7 1.4 -7.3 -9.1 -10.4 -12.5 6.5 -1.4 4.0 7.5 5.4 -7.5 -8.1 9.8 6.1 -1.5 -6.9 1.8 -5.0 6.0 -1.8 11.5 -1.4 11.2 4.6 11.6 Western Europe -59.4 -64.8 -88.4 -98.9 -112.8 -125.6 -118.5 -109.0 -93.9 -61.1 -60.8 -63.2 -66.4 Germany -29.1 -29.1 -35.9 -39.3 -45.8 -50.6 -47.9 -44.7 -43.0 -2
ureau (Kinsho) No. 117. Member of associations: JSDA, Type II Financial Instruments Firms Association, The Financial Futures Association of Japan, Japan Investment Advisers Association. This report is not meant to solicit the purchase of specific financial instruments or related services. We may charge commissions and fees for ce
r of the Investment Trusts Association, Japan and the Japan Investment Advisers Association. Jersey and Guernsey by Invesco International Li
to international real estate allocations is also evident in geographic allocations. Sovereigns prefer ‘safe haven’ markets such as North America and Western Europe when investing in overseas real estate, with developed markets leading sovereign citations for preferred real estate locations shown in figure 21. S
Page: HOUSE_OVERSIGHT_026708 →Entities connected to both Western Europe and Japan Investment Advisers Association

United States
LOCATION
North America
LOCATION
New Zealand
LOCATION
Malaysia
LOCATION
United Kingdom
LOCATION
Barack Obama
PERSON
Bloomberg L.P.
ORGANIZATIONGlendower
LOCATION
Prince Charles
PERSON
Frankfurt
LOCATION
Norway
LOCATION
Columbia University
LOCATION
Philippines
LOCATION
Donald Trump
PERSON
Prince Andrew
PERSON
Hungary
LOCATION
Venezuela
LOCATION
Deutsche Bank
ORGANIZATION
Virginia Giuffre
PERSON
JPMorgan Chase
ORGANIZATION