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e et des Assurances”, to which this publication has not been submitted for approval. Canada: In Canada, this publication is distributed to clients of UBS Wealth Management Canada by UBS Investment Management Canada Inc. France : This document is distributed by UBS (France) S.A., a French joint stock company with an Executive B
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Page: HOUSE_OVERSIGHT_024178 →e et des Assurances", to which this publication has not been submitted for approval. Canada: In Canada, this publication is distributed to clients of UBS Wealth Management Canada by UBS Investment Management Canada Inc.. Dubai: Research is issued by UBS AG Dubai Branch within the DIFC, is intended for professional clients only
Page: HOUSE_OVERSIGHT_025290 →clients of UBS London in the UK. Where products or services are provided from outside the UK, they will not be covered by the UK regulatory regime or the Financial Services Compensation Scheme. USA: This document is not intended for distribution into the US and / or to US persons. UBS Securities LLC is a subsidiary of UBS AG and an affiliat
Page: HOUSE_OVERSIGHT_025290 →et des As,surances", towhich this publication has not been subm tted for approval. Canaille in Canada, this publication is distributed to clients of UBS Wealth Management Canada by UBS Investment Management Canada kg.. Dubai: Research is issued by UBS AG Dubai Branch within the DEC. FS intended for professional clients only
lients of UB5 London in the UK. Wnere products or services are provided from outside the UK, they will not be covered by the UK regulatory regime or the Financial Services Compensation Scheme. USA: This document is not intended for distribution into the US and) or to US persons. UBS Securities LUX is a subsidiary of MS AG and an affiliate
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Eric Holder
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Eurozone
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Barack Obama
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UBS AG
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the Bank of England
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Federal Reserve
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Bahrain
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