Epstein Secrets

nges to 2016 GDP Estimate 7.0% 2.0% 3.0% 4.0% 5.0% 6.0% 0.0% 1.0% U.S. Europe Footnotes: Data as of March 2016. Data as of March Source: Deutsche Asset Management, Deutsche Bank Wealth Management. UK November 2015 Forecast for 2016 GDP Japan China World March 2016 Forecast For 2016 GDP Footnotes: Data as

ortfolios MIC The Multi Asset Investment Committee (MIC) decides about global lead allocation, currency and duration recommendations based on CIO View and single asset class input. The MIC creates a global cross-asset view which serves as the basis for regional allocation decisions. Source: D

nges to 2016 GDP Estimate 7.0% 2.0% 3.0% 4.0% 5.0% 6.0% 0.0% 1.0% U.S. Europe Footnotes: Data as of March 2016. Data as of March Source: Deutsche Asset Management, Deutsche Bank Wealth Management. UK November 2015 Forecast for 2016 GDP Japan China World March 2016 Forecast For 2016 GDP Footnotes: Data as

ortfolios MIC The Multi Asset Investment Committee (MIC) decides about global lead allocation, currency and duration recommendations based on CIO View and single asset class input. The MIC creates a global cross-asset view which serves as the basis for regional allocation decisions. Source: D

nk Pa.n-io aileron, Securities offered through Deutsche Bank Securities Inc. "Deutsche Bank" means Deutsche Bank AG and its affiliated companies. Deutsche Asset & Wealth Management represents the asset management and wealth management activities conducted by Deutsche Bank AG or its subsidiaries. Banking and lending services ar

s month on Eurozone and Asia ex- Japan equities. More on these topics and on current economic and market developments is in the latest Deutsche AWM CIO View. Supplementary research is also attached, including: • Global Weekly insights - Larry Adam, our US Wealth Management CIO, gives a brief US macro u

7EB51 CIO Office Bjoern Pietsch Illya Lebedynet Sonja Hildebran Fabian Becher + Graham Richards Matthias Pindte Deutsche AWM Investment GmbH Deutsche Asset & Wealth Management (Financial Writer) (Financial Writer) EFTA01474528 Mainzer Landstra@e 178-190, 60327 Frankfurt am Main, Germany Email [email protected]

ersion) Importance: High Classification: Public {cid:_l_1784C35C1784BEA0002B8D6DC1257EB5} Dear colleagues, Will she or won't she? In our current CIO View we explain why the Fed is still likely to raise rates this year and what implications this could have for the various asset classes. We draw histor