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arket implications: they favor income over growth assets. See page 7 for analyst certification and important disclosures. Click play to view video Global Asset Allocation Jan Loeys AC JPMergan Chase Bank NA John Normand J.P. Morgan Securities plc Nikolaos Panigirtzoglou JP. Morgan Securities plc Mika Inkinen J.P
Monitor, Yang-Myung Hong el at High Yiefd Credit Markets Weekly. Peter Acciavatti el at European Credit Outlook & Strategy, Stephen Dulake et al. Emerging Markets Cross Product Strategy Weekly. Eric Beinstein et al. 3 EFTA_R1_00470162 EFTA01981560 Jan h Global Asset Allocation The J.P. Morgan View 11 aty2014
still be buffeted by a steady news flow on wide gaps between each side's position. See page 7 for analyst certification and important disclosures. Global Asset Allocation Jan Loeys AC JPMorgan Chase Bank NA John Normand J.P. Morgan Socunbos plc Mk I P nl Irtz I u J.P. Morgan Secunlies plc Seamus Mac Gorain J.P.
rategy. 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 illnknYmarnalinn.00tn Global Asset Al
wth raised from 0.4% to 0.5% (see discussions by Kanno and Adachi in today's GDW). See page 7 for analyst certification and important disclosures. Global Asset Allocation 04 January 2013 Global Asset Allocation Jan Loeys AC (1-212)834-5874 JPMorgan Chase Bank NA John Normand (44-20) 7134-1816 M. Morgan Securitie
tlook and Strategy. Eric Beinstein el al. High Yield Credit Markets Weekly, Peter Acciavatu er European Credit Outlook & Strategy, Steven &dab et Emerging Markets Cross Product Strategy Weekly. Eric 8einsrein et al. 3 EFTA00598498 Jan Loeys (1-2121834-5874 Global Asset Allocation The. Morgan View 04 January
Entities connected to both Global Asset Allocation and Emerging Markets Cross

Philippines
LOCATION
Hungary
LOCATION
Malaysia
LOCATION
JPMorgan Chase
ORGANIZATION
New Zealand
LOCATIONJPMSAL
ORGANIZATIONthe Capital Market Authority
ORGANIZATION
Eric Trump
PERSONthe Central Bank of Brazil
ORGANIZATION
the Ministry of Finance
ORGANIZATIONthe Indonesia Stock Exchange
ORGANIZATIONthe Securities and Futures Commission
ORGANIZATIONthe Mexican Stock Exchange
ORGANIZATIONthe Taiwan Securities and Futures Bureau
ORGANIZATIONBombay Stock Exchange Limited
ORGANIZATIONthe Stock Exchange of Thailand
ORGANIZATIONthe Philippine Stock Exchange
ORGANIZATION
John Normand
PERSON
Matthew Lehmann
PERSONJan Loeys
PERSON