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tfolio inflows have turned marginally positive... Figure 8: _as equity market inflows outpace the money market outflows Source: Deutsche Bank and European Central Bank Source: Deutsche Bank and European Central Bank Figure 9: Equity inflows have tracked the STOXX Figure 10: Foreign interest on the bond side boome
of financial products and/or services, customers should carefully read the relevant disclosures, prospectuses and other documentation. "Moody's", "Standard & Poor's", and "Fitch" mentioned in this report are not registered credit rating EFTA01464564 agencies in Japan unless "Japan" or "Nippon" is specifically
Republic of Germany with its principal office in Frankfurt am Main. Deutsche Bank AG is authorized under German Banking Law (competent authority: European Central Bank) and is subject to supervision by the European Central Bank and by BaFin, Germany's Federal Financial Supervisory Authority. Research Deutsche Ba
e of financial products and/or services, customers should carefully read the relevant disclosures, prospectuses and other documentation. Moody's", "Standard & Poor's", and "Fitch" mentioned in this report are not registered credit rating agencies in Japan unless Japan or "Nippon" is specifically designated in t
dro Bailleres John Baird Leslie J. Baja Sanjiv Bajaj Rahul Bajaj Anant Bajaj Gerard Baker Douglas M. Baker Jr Member of the Executive Board, European Central Bank. Frankfurt am Main Minister of Finance of Saudi Arabia Chief Executive. Global Banking and Markets Special Duties Officer. Ministry of Federal
udies Transparency International Germany Proexport Colombia Colombia Bloomberg Television Accenture Lafarge Lahoud Engineering Centrica Plc Standard & Poor's Eicher Motors Limited IDFC Ltd United Kingdom People's Republic of China France Lebanon United Kingdom United Kingdom India India Oak Inve
Entities connected to both European Central Bank and Standard & Poor's

Jeffrey Epstein
PERSON
Moody's
ORGANIZATION
Deutsche Bank
ORGANIZATION
JPMorgan Chase
ORGANIZATIONMaria Farmer
PERSON
Alan Dershowitz
PERSON
New York
LOCATION
Ghislaine Maxwell
PERSONNippon
ORGANIZATION
Bloomberg L.P.
ORGANIZATION
Donald Trump
PERSON
Prince Andrew
PERSON
United Kingdom
LOCATIONAce Greenberg
PERSON
Frankfurt
LOCATION
United States
LOCATIONFitch Ratings
ORGANIZATION
George W. Bush
PERSON
Virginia Giuffre
PERSON
Bradley Edwards
PERSON