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Investment Strategy
is research report and wishing toe s) or in related investments. errill ated Lynch jonal e US and accepts ful fect any transaction in any Bankof America Merrill Lynch Japan Investment Strategy | 18 November 2016 5 HOUSE_OVERSIGHT_014408 --- PAGE BREAK --- be Bo acti security discussed in the report
Page: HOUSE_OVERSIGHT_014408 →PRA - details about the extent of our regulation by the FCA and PRA are available from us on request; has been considered and distributed in Japan by Lynch (Japan), a registered securities dealer under the Financial Instruments and Exchange Act in Japan; is issued and distributed in Hong Kong by Merrill Lynch (
Page: HOUSE_OVERSIGHT_014408 →d 11 comparable episodes since 1980. Equity market returns subsequent to the peak rate of change in bunds were moderately positive — a median Bankof America Merrill Lynch European Equity Strategy |O1 December 2016 17 HOUSE_OVERSIGHT_014476 --- PAGE BREAK --- +1.0% after 3 months and +3.7% after 6 month
Page: HOUSE_OVERSIGHT_014477 →tails about the extent of our regulation by the FCA and PRA are available from us on request; has been considered and distributed in Japan by Merrill Lynch (Japan), a registered securities dealer under the Financial Instruments and Exchange Act in Japan; is issued and distributed in Hong Kong by Merrill Lynch (
Page: HOUSE_OVERSIGHT_014496 →g and BofA Merrill Lynch Global Research estimates Gov't Legislation: 56% of sales are from the US government General Dynamics’ primary customer is the US Department of Defense, which accounted for 47% of total sales in 2015. The remaining 9% are to other non-DoD US government agencies like the intellig
Page: HOUSE_OVERSIGHT_014626 →tails about the extent of our regulation by the FCA and PRA are available from us on request; has been considered and distributed in Japan by Merrill Lynch (Japan), a registered securities dealer under the Financial Instruments and Exchange Act in Japan; is issued and distributed in Hong Kong by Merrill Lynch (
Page: HOUSE_OVERSIGHT_014650 →Entities connected to both United States and Lynch (Japan

Donald Trump
PERSON
United Kingdom
LOCATION
Paul Ryan
PERSON
U.S. Treasury
ORGANIZATION
Frankfurt
LOCATION
Bank of America
ORGANIZATION
Michael Bloomberg
PERSON
Seoul
LOCATION
Merrill Lynch
ORGANIZATIONthe Capital Market Authority
ORGANIZATION
BofA Merrill Lynch
ORGANIZATION
Bank of America Corporation
ORGANIZATIONthe Prudential Regulation Authority
ORGANIZATIONthe Australian Securities and Investments Commission
ORGANIZATION
Merrill Lynch Global Wealth Management
ORGANIZATIONthe Dubai Financial Services Authority
ORGANIZATIONPierce, Fenner & Smith Incorporated
ORGANIZATION
the Financial Services Agency
ORGANIZATIONMerchant Bank
ORGANIZATIONThe Financial Service Board
ORGANIZATION