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Markets Outlook and Strategy. Eric Beinstein et al. High Yield Credit Markets Weekly, Peter Acciavatti et al. European Credit Outlook d Strategy, Steven Dulake et at. Emerging Markets Cross Product Strategy Weekly, Eric Beinstein et at 3 EFTA_R1_02075115 EFTA02702627 Jen LOOP (1.212)834.5874 illnkn
address is Dubai International Financial Centre - Building 3. Level 7. PO Box 506551, Dubai. UAE. Country and Region Specific Disclosures U.K. and European Economic Area (ERA): Unless specified to the contrary• issued and approved for distribution in the U.K. and the EEA by JPMS plc. Investment research issued by JPM
t Markets Outlook and Strategy, Eric Beinstein et al. High Yield Credit Markets Weekly, Peter Acciavatti et al. European Credit Outlook & Strategy, Steven Dulake et al. Emerging Markets Cross Product Strategy Weekly, Eric Beinstein et al. HOUSE_OVERSIGHT_026574 --- PAGE BREAK --- Global Asset Allocation Th
Page: HOUSE_OVERSIGHT_026574 →address is Dubai International Financial Centre - Building 3, Level 7, PO Box 506551, Dubai, UAE. Country and Region Specific Disclosures U.K. and European Economic Area (EEA): Unless specified to the contrary, issued and approved for distribution in the U.K. and the EEA by JPMS ple. Investment research issued by JPMS
Page: HOUSE_OVERSIGHT_026578 →it Markets Weekly, Peter Acciavatti et al. expect senior bank bond spreads to widen relative to covered bonds and European Credit Outlook & Strategy, Steven Dulake et prefer being OW covered bonds vs senior bonds in the periphery, al. particularly in Spain where covered bonds have first claim over the entire Eme
Page: HOUSE_OVERSIGHT_030850 →ed address is Dubai International Financial Centre - Building 3, Level 7, PO Box 506551, Dubai, UAE. Country and Region Specific Disclosures U.K. and European Economic Area (EEA): Unless specified to the contrary, issued and approved for distribution in the U.K. and the EEA by JPMS ple. Investment research issued by JPMS
Page: HOUSE_OVERSIGHT_030854 →Entities connected to both Steven Dulake and European Economic Area

JPMorgan Chase
ORGANIZATIONthe Securities and Futures Commission
ORGANIZATIONthe Indonesia Stock Exchange
ORGANIZATION
Malaysia
LOCATION
Philippines
LOCATIONKanto Local Finance Bureau
ORGANIZATION
New Zealand
LOCATIONthe Philippine Stock Exchange
ORGANIZATIONthe Stock Exchange of Thailand
ORGANIZATIONBombay Stock Exchange Limited
ORGANIZATIONthe Central Bank of Brazil
ORGANIZATION
the Ministry of Finance
ORGANIZATIONthe Taiwan Securities and Futures Bureau
ORGANIZATIONthe Mexican Stock Exchange
ORGANIZATIONThe Financial Futures Association of Japan
ORGANIZATIONEngland & Wales
LOCATIONJapan Investment Advisers Association
ORGANIZATION
Mumbai
LOCATIONthe Korea Financial Supervisory Service
ORGANIZATIONKalina
LOCATION