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Investment Strategy
he express written consent of BofA Merrill Lynch. BofA Merril sed on public i | Lynch, including investment ba
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 →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 →t of In the event therewith quity securities o he implementation rt. °o uding ADRs, effectively assume currency risk. de of the United Kingdom. BofA Merrill h h @ persons who prepared them, and Bo is report. LPF&S may be deemed beyond the delivery of this report (unless otherwise agreed 5| transactio
Page: HOUSE_OVERSIGHT_014651 →he SXEP (European Oil & Gas equity), where the 3M 90-100 volatility spread has been trending lower and is currently near-flattest in 5 years. Bankof America Merrill Lynch Global Equity Volatility Insights | 20 June 2017 13 HOUSE_OVERSIGHT_014984 --- PAGE BREAK --- Chart 22: May has typically been the m
Page: HOUSE_OVERSIGHT_014985 →eutsche Bank, ING Group, LPF&S together with its affiliates ownership position on he report: BNP Paribas The issuer is or was, wi ntesa, Santander. BofA Merrill Corporation, inc ved , Deutsche Bi hin the last ysts responsible for covering iliate was a manager of a pub compensa compensa ceive or in ntesa,
Page: HOUSE_OVERSIGHT_014999 →Entities connected to both United States and BofA Merrill

Jeffrey Epstein
PERSON
Marc Rich
PERSON
Donald Trump
PERSON
Barack Obama
PERSON
Richard Kahn
PERSON
United Kingdom
LOCATION
U.S. Treasury
ORGANIZATION
Frankfurt
LOCATION
Tokyo
LOCATIONAmanda
PERSON
Bank of America
ORGANIZATION
Sydney
LOCATION
Michael Bloomberg
PERSON
Green
PERSON
Seoul
LOCATION
Australia
LOCATIONUtilities
ORGANIZATION
Merrill Lynch
ORGANIZATION
Nasdaq
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BofA Merrill Lynch
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