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anger for risk parity funds as bond/equity correlation swings positive. 4 EFTA_R1_00106915 EFTA01785103 Greg Kaldor Managing Director US MEGA (Macro Equity & Global Alpha) Bank of America Merrill Lynch This message, and any attachments, is for the intended recipient(s) only, may contain information that is privileged
h and we do not think the relationships have changed significantly. As correlation between bonds and SPX increases, risk parity leverage increases. The Bank of Japan's "comprehensive assessment" in Sep MPM is creating intense speculation <http://rsch.baml.com/r?q=0,nrXISChBkWrI8M4aKdamg&e=jeevacationc/040gmail.com&
54284 =p class="MsoNormal">Greg Kaldor=span style="font-size:10.0pt;font-family:"Verdana","sans-=erif";color:#948671"> Managing Director Us MEGA (Macro Equity & Global Alpha) Bank of America Merrill L nch T+ B/Berry This message, and any attachments, is for the intended rec=pient(s) only, may contain information that
h and we do not think the relationsh=ps have changed significantly. As correlation between bonds and SPX increa=es, risk parity leverage increases. The Bank of Japan's "=comprehensive assessment" in Sep MPM is creating intense speculation<=span> chttp://rsch.baml.com/r?q=Qnr=±5ChBkWri8M4aKdamg&e=jeevacation%40gmail
ty Custom Basket" This chart is a danger for risk parity funds as bond/equity correlation swings positive. Greg Kaldor Managing Director US MEGA (Macro Equity & Global Alpha) Bank of America Merrill Lynch This message, and any attachments, is for the intended recipient(s) only, may contain information that is privileged
h and we do not think the relationships have changed significantly. As correlation between bonds and SPX increases, risk parity leverage increases. The Bank of Japan's "comprehensive assessment" in Sep MPM is creating intense speculation <http:firsch.baml.com/r?q=anrXISChBkWr!8M4aKdamg&e=jeevacation1440gmail.com&h=
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