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Thomas Lee, Chief U.S. Equity Strategist Also participating: Alex White, European Policy Strategist; Malcolm Barr, Senior European Economist; • Pavan Wadhwa, Global Head of Interest Rate Strategy, Nikolaos Panigirtzoglou, Global Market Strategist. North America Equity Research 26 June 2012 Portfolio S
on. Singapore: This material is issued and distributed in Singapore by `Morgan Securities Singapore Private Limited (JPMSS) [MICA (P) 08&04/2012 and Co. Reg. No.: 199405335R] which is a member of the Singapore Exchange Securities Trading Limited and is regulated by the Monetary Authority of Singapore (MA
uities. Hosted by: • Thomas Lee, Chief U.S. Equity Strategist Also participating: • David Mackie. Head of Western Europe Economic Research; • Pavan Wadhwa, Global Head of Interest Rate Strategy; Alexander White (tentative), European Policy Strategist; Nikolaos Panigirtzciglou, Global Market Strategist
Singapore: This material is issued and distributed in Singapore by J.P. Morgan Securities Singapore Private Limited (JPMSS) (MICA (P) 08804:2012 and Co. Reg. No.: 199405335R] which is a member of the Singapore Exchange Securities Trading Limited and is regulated by the Monetary Authority of Singapore I h
kets Outlook and Strategy. Jan Loeys, Bruce Kasman. et al. US Fixed Income Markets, Terry Belton and Srini Ramaswamy Global Fixed Income Markets, Pavan Wadhwa and Fabio Bassi Emerging Markets Outlook and Strategy. Joyce Chang Key trades and risk: Emerging Market Equity Strategy. Adrian Mowat et al. Flo
Singapore: This material is issued and distributed in Singapore by J.P. Morgan Securities Singapore Private Limited (JPMSS) [MICA (P) 0880472012 and Co. Reg. No.: 199405135R] which is a member of the Singapore Exchange Securities Trading Limited and is regulated by the Monetary Authority of Singapore (hi
Entities connected to both Pavan Wadhwa and Co. Reg

Philippines
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New Zealand
LOCATIONthe Mexican Stock Exchange
ORGANIZATIONthe Stock Exchange of Thailand
ORGANIZATIONthe Philippine Stock Exchange
ORGANIZATIONthe Indonesia Stock Exchange
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the Ministry of Finance
ORGANIZATIONthe Central Bank of Brazil
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JPMorgan Chase
ORGANIZATIONthe Taiwan Securities and Futures Bureau
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Malaysia
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