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gist MLI KIK) Kamal Sharma FX Strategist MLI MLI Myria Kyriacou FX Strategist MLI Rualtt Houdhane Rates Strategist Global Emerging Markets David Hauner. CFA EEMEA Cross Asset Strategist MLI IUK) Claudio Idgoyen LatArn FIrFX Strategy/Economist MLPF&S Claudio Piron Emerging Asia FUFX Strategist

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cional de Valores; Merrill Lynch japan): Merrill Lynch Japan Securities Co., Ltd., regulated by the Financial Services Agency; Merrill Lynch (Seoul): Merrill Lynch International Incorporated (Seoul Branch) regulated by the Financial Supervisory Service; Merrill Lynch (Taiwan): Merrill Lynch Securities (Taiwan) Ltd., regulated by the Secur

[email protected] Global Emerging Markets Claudio Irigoyen LatAm FI/FX Strategy/Economist MLPF&S +1 646 855 1734 [email protected] David Hauner, CFA EEMEA Cross Asset Strategist MLI (UK) +44 20 7996 1241 [email protected] Claudio Piron Emerging Asia FI/FX Strategist Merrill Lynch (Sin

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acional de Valores; Merrill Lynch japan): Merrill Lynch Japan Securities Co, Ltd., regulated by the Financial Services Agency; Merrill Lynch (Seoul): Merrill Lynch International Incorporated (Seoul Branch) regulated by the Financial Supervisory Service; Merrill Lynch (Taiwan): Merrill Lynch Securities (Taiwan) Ltd., regulated by the Secur

merica Global Rates, FX & EM 2017 Year Ahead | 16 November 2016 21 Merrill Lynch HOUSE_OVERSIGHT_014751 --- PAGE BREAK --- Best Contrarian Trades David Hauner, CFA Ezequiel Aguirre MLI (UK) MLPF&S [email protected] [email protected] Mark Cabana, CFA Rohit Garg MLPF&S Merrill Lynch (Singapore)

cional de Valores; Merrill Lynch japan): Merrill Lynch Japan Securities Co., Ltd., regulated by the Financial Services Agency; Merrill Lynch (Seoul): Merrill Lynch International Incorporated (Seoul Branch) regulated by the Financial Supervisory Service; Merrill Lynch (Taiwan): Merrill Lynch Securities (Taiwan) Ltd, regulated by the Securi