Epstein Secrets

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Grofio Gallo:rm.:le 10-14 60272 Frankfurt am Main Germany Tel: (49)69 910 00 arutsthaTihrlk &Mt:0 icKt Int 60 Wall Street New York. NY 10005 United Slates of America Tel: I I 1 212 250 2500 Richard Smith and Steve Pollard Co-Global Heads Equity Research Andreas Neubauer Regional Head Equity Research. German

David Folkerts-Landau Group Chief Economist Member of the Group Executive Committee Guy Ashton Global Chief Operating Officer Research Michael Spencer Regional Head Asia Pacific Research International Locations Deutsch, Pprili AG Deutsche Bank Place Level 16 Corner of Hunter & Phillip Streets

Grofio Gallo:rm.:le 10-14 60272 Frankfurt am Main Germany Tel: (49)69 910 00 arutsthaTihrlk &Mt:0 icKt Int 60 Wall Street New York. NY 10005 United Slates of America Tel: I I 1 212 250 2500 Richard Smith and Steve Pollard Co-Global Heads Equity Research Andreas Neubauer Regional Head Equity Research. German

David Folkerts-Landau Group Chief Economist Member of the Group Executive Committee Guy Ashton Global Chief Operating Officer Research Michael Spencer Regional Head Asia Pacific Research International Locations Deutsch, Pprili AG Deutsche Bank Place Level 16 Corner of Hunter & Phillip Streets

slow but steady recovery on track. Gold price to stay relatively stable. Asset allocation of our balanced model portfolio for clients based in the Americas: Fixed income: 40.5%, Equities: 48.5%, Alternatives: 10%, Commodities: 1% If you wish to discuss where we see opportunity in current markets or how

ak in global FX reserve accumulation and discusses how this will affect global fixed income fields and the USD. DB Special Report — Chief Economist Michael Spencer, Ph.D discusses recent market volatility driven by the Chinese equity market. Paul Morris Managing Director Deutsche Bank Private Bank Office C

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David Folkerts-Landau Group Chief Economist Member of the Group Executive Committee Rai Hindocha Global Chief Operating Officer Research Michael Spencer Regional Head Asia Pacific Research International Locations Deutsche Banl AG Deutsche Bank Place Level 16 Corner ol Hunter & Phillip Streets

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