4
Shared Docs
0
Same-Page
4 / 4
Mentions
Investment Strategy
at current levels. The fundamental bull case for Health rests on the strong pipeline of new products for
l): Merrill Lynch srael Limited, regulated by Israel Securities Authority; Merrill Lynch (Russia): OOO Merrill Lynch Securities, Moscow, regulated by the Central Bank of the Russian Federation; Merrill Lynch DIFC}: Merrill Lynch International (DIFC Branch), regulated by the Dubai Financial Services Authority (DFSA); Merrill Lynch (Spain): M
Page: HOUSE_OVERSIGHT_014457 →at current levels. The fundamental bull case for Health rests on the strong pipeline of new products for
l}: Merrill Lynch srael Limited, regulated by Israel Securities Authority; Merrill Lynch (Russia): OOO Merrill Lynch Securities, Moscow, regulated by the Central Bank of the Russian Federation; Merrill Lynch DIFC}: Merrill Lynch International (DIFC Branch}, regulated by the Dubai Financial Services Authority (DFSA); Merrill Lynch (Spain): M
Page: HOUSE_OVERSIGHT_014496 →Quantitative Analysis
ervices 1,720 Tax credit for orphan drug research Health 100 Exclusion & deferral of policyholder income e
l): Merrill Lynch srael Limited, regulated by Israel Securities Authority; Merrill Lynch (Russia): O00 Merrill Lynch Securities, Moscow, regulated by the Central Bank of the Russian Federation; Merrill Lynch DIFC}: Merrill Lynch International (DIFC Branch}, regulated by the Dubai Financial Services Authority (DFSA); Merrill Lynch (Spain): M
Page: HOUSE_OVERSIGHT_023094 →3% -] 2% 74 3.1% = 2% 3.2 -0.4% 0 54% 0.9% SXDP (Health) 3.1% -0.6% 2% 86% 0.9% -/ 2% 115 24% -14 2% 4]
nch (India): DSP Merrill Lynch Limited, ndonesia, regulated by Otoritas Jasa Keuangan (OJK); Merrill Lynch (Israel): Merrill es, Moscow, regulated by the Central Bank of the Russian Federation; Merrill Lynch errill Lynch (Spain): Merrill Lynch Capital Markets Espana, S.A.S.V., regulated by jo SA, regulated by Comissdo de Valores Mobiliario
Page: HOUSE_OVERSIGHT_023609 →Entities connected to both the Central Bank of the Russian Federation and HealthCap

Donald Trump
PERSON
Bank of America
ORGANIZATION
Michael Bloomberg
PERSON
Merrill Lynch
ORGANIZATION
United Kingdom
LOCATION
Merrill Lynch Global Wealth Management
ORGANIZATION
Frankfurt
LOCATIONMerrill Lynch (Asia Pacific) Limited
ORGANIZATION
Bank of America Corporation
ORGANIZATIONThe Financial Service Board
ORGANIZATIONMerrill Lynch International Incorporated
ORGANIZATIONthe Prudential Regulation Authority
ORGANIZATIONDSP Merrill Lynch Limited
ORGANIZATIONthe Securities and Futures Bureau
ORGANIZATIONMerrill Lynch KSA Company
ORGANIZATIONMerchant Bank
ORGANIZATIONthe Financial Supervisory Service
ORGANIZATIONthe Central Bank of Ireland
ORGANIZATION
Bank of America, N.A.
ORGANIZATIONMerrill Lynch Argentina SA
ORGANIZATION