Epstein Secrets

er 14, 2016 at 10:48:29 AM EDT To: Richard Kahn Rich. For a bearish Russia view in the medium term (w

rt capital flows. RUB vs MICEX (Russian equity index) <image001.jpg> Russia is r.40/0 of EM ETFs VWO and EEM More EM Inflows: A large creation in Vanguard FTSE EM ETF (VWO) <image005.jpg> Source: Bloomberg Amanda Ens Director Bank of America Merrill Lynch Merrill Lynch, Pierce, Fenner & Smith Incorporated Th

4, 2016 at 10:48:29 AM =DT To: =/b>Richard Kahn Rich, For a bearish Russia =iew in the medium term (w

rates should support =apital flows. RUB vs MICEX =Russian equity index) Russia is -4% of EM ETFs VWO and EEM More EM =nflows: A large creation in Vanguard FTSE EM ETF (VWO) Source: Bloomberg Amanda Ens Director Bank of America Merrill =ynch Merrill Lynch, =ierce, Fenner & Smith Incorporated One Bryant Park, 5

016 at 10:48:29 AM =DT To: =/b>Richard Kahn ‹ > Rich, For a bearish Russia =iew in the medium term (w

rates should support =apital flows. RUB vs MICEX =Russian equity index) Russia is —4% of EM ETFs VWO and EEM More EM =nflows: A large creation in Vanguard FTSE EM ETF (VWO) Source: Bloomberg Amanda Ens Director Bank of America Merrill =ynch Merrill Lynch, =ierce, Fenner & Smith Incorporated One Bryant Park, 5