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over growth assets. See page 7 for analyst certification and important disclosures. Click play to view video Global Asset Allocation Jan Loeys AC JPMergan Chase Bank NA John Normand J.P. Morgan Securities plc Nikolaos Panigirtzoglou JP. Morgan Securities plc Mika Inkinen J.P. mown Securities plc Matthew Lehman
osksroklxh Legal Entitles Disclosures US.: JPMS is a member of NYSE, FINRA. SIPC and the NF A. JPMorgan Chase Bank. N.A. is a member of FDIC. U.K.: JPMorgan Chase N.A.. London Branch. is authorised by the Prudential Regulation Authority and is subject to regulation by the Financial Conduct Authority and to limited
9405335R] which is a member of the Singapore Exchange Secunties Trading Limited and is regulated by the Monetary Authority of Singapore (MAS) antkor IPMorgan Chase Bank. N.A.• Singapore branch IJPMCB Singapore) which is regulated by the MAS. This material is provided in Singapore only to accredited investors, expert
ng Organization of Bursa Malaysia Ballad and a holder of Capital Markets Services License issued by the Securities Commission in Malaysia. Pakistan: J. P. Morgan Pakistan Stoking (Psi.) Ltd is a member of the Karachi Stock Exchange and regulated by the Securities and Exchange Commission of Pakistan. Saudi Ara
n 761O of the Corporations Act 2001. Germany: This material is distributed in Germany by 1.P. Morgan Securities plc. Frankfurt Branch and J.P.Morgan Chase Bank, K.A., Frankfurt Branch which are regulated by the Bundesansudi ftir Finanadienstleistungsaufsicht. Hong Kong: The 1% ownership disclosure as of the
nfluence or intervention. Company-Specific Disclosures: Important disclosures. including price charts, are available for compendium reports and all J.P. Morgan- covered companies by visiting %Inc., calling 1-800-477-0406, or c-mailing reseoieli.disclioaire lillpliflea jpr; with your request. J.P. Morgan's
J.P. Morgan- covered companies by visiting %Inc., calling 1-800-477-0406, or c-mailing reseoieli.disclioaire lillpliflea jpr; with your request. J.P. Morgan's Strategy, Technical, and Quantitative Research teams may screen companies not covered by J.P. Morgan. For important disclosures for these companies.
3 Jul-13 — EM vs. DM equity — EM vs. OM growth forecast Jan-14 Scum JP. Morgan More details in . 3.3 3.1 2.9 2.7 2.5 2.3 2.1 Jul 14 US Credit Markets Outlook and Strategy. Eric Beinstein et at EM Corporate Weekly Monitor, Yang-Myung Hong el at High Yiefd Credit Markets Weekly. Peter Acciavatti el at Eu
w on wide gaps between each side's position. See page 7 for analyst certification and important disclosures. Global Asset Allocation Jan Loeys AC JPMorgan Chase Bank NA John Normand J.P. Morgan Socunbos plc Mk I P nl Irtz I u J.P. Morgan Secunlies plc Seamus Mac Gorain J.P. Morgan Sooting°, plc Matthew Lehman
ecast 2013 global GDP growth forecasts: JPMorgan and Consensus 3.4 3.2 • 2.9 JPM 2.7 2.4 Apr.12 Jul.12 Oc142 Ja .12 Consensus ) Source. P Morgan. Consensus Economcs Consensus Economcs forecasts are for regions and counties that we averaged using the sane 5-year ruling USO GOP weights that we
hange Securities Trading Limited and is regulated by the Monetary Authority of Singapore (hi AS) andfor JPMorgan Chase Bank, N.A., Singapore branch (JPMCB Singapore) which is regulated by the MAS. Malaysia: This material is issued and distributed in Malaysia by JPMorgan Securities (Malaysia) Sdn Bhd (18146.X) wh
or announcements. market conditions or any other publicly available information. Clients should contact analysts and execute transactions through a J.P. Morgan subsidiary or affiliate in their home jurisdiction unless governing law permits otherwise. "Other Disclosures" last revised September 29, 2012. Cop
recession is guaranteed if the fiscal cliff is enacted on schedule, and neither Congress nor the President welcomes J.P.Morgan More details in ... US Credit Markets Outlook and Strategy. Eric Beinstein et al. High Yield Credit Markets Weekly, Peter Acciavatti et al. European Credit Outlook d Strategy, Steven Dulake et
or analyst certification and important disclosures. Global Asset Allocation 04 January 2013 Global Asset Allocation Jan Loeys AC (1-212)834-5874 JPMorgan Chase Bank NA John Normand (44-20) 7134-1816 M. Morgan Securities plc Nikolaos Panigirtzoglou (44-20) 7134-7815 Morgan Secunties plc Seamus Mac Gorain (44-
It Source: IF. Blomberg. EM equity nortfolioflows $bn 60% 50% 40% 30% 20% 10% 0% -10% MSCI Skin ISCI Wald -20% 12 More details in ... US Credit Markets Outlook and Strategy. Eric Beinstein el al. High Yield Credit Markets Weekly, Peter Acciavatu er European Credit Outlook & Strategy, Steven &dab et Emerg
forward to 2015 from the current 2018 time-frame. More details in ... • As such, our colleagues in European Credit have examined the implications of US Credit Markets Outlook and Strategy, Eric Beinstein changing recovery rate expectations across the bank capital structure. et al. Assuming that covered bonds remain outside
Page: HOUSE_OVERSIGHT_030850 →iting https://mm.jpmorgan.com/disclosures/company, calling 1-800-477-0406, or e-mailing [email protected] with your request. J.P. Morgan's Strategy, Technical, and Quantitative Research teams may screen companies not covered by J.P. Morgan. For important disclosures for these companies,
Page: HOUSE_OVERSIGHT_030854 →ited is a member of the Stock Exchange of Thailand and is regulated by the Ministry of Finance and the Securities and Exchange Commission. Indonesia: PT J.P. Morgan Securities Indonesia is a member of the Indonesia Stock Exchange and is regulated by the BAPEPAM LK. Philippines: J.P. Morgan Securities Philippines I
Page: HOUSE_OVERSIGHT_030854 →em in section 761G of the Corporations Act 2001. Germany: This material is distributed in Germany by J.P. Morgan Securities ple, Frankfurt Branch and J.P.Morgan Chase Bank, N.A., Frankfurt Branch which are regulated by the Bundesanstalt für Finanzdienstleistungsaufsicht. Hong Kong: The 1% ownership disclosure as of
Page: HOUSE_OVERSIGHT_030855 →s or announcements, market conditions or any other publicly available information. Clients should contact analysts and execute transactions through a J.P. Morgan subsidiary or affiliate in their home jurisdiction unless governing law permits otherwise. "Other Disclosures" last revised February 7, 2013.
Page: HOUSE_OVERSIGHT_030855 →Entities connected to both JPMorgan Chase and US Credit Markets Outlook
J.P. Morgan Securities LLC
ORGANIZATION
Eric Trump
PERSON
United States
LOCATION
United Kingdom
LOCATIONthe Securities and Exchange Commission
ORGANIZATION
Malaysia
LOCATION
Philippines
LOCATION
Michael Bloomberg
PERSON
New Zealand
LOCATION
Frankfurt
LOCATION
the Ministry of Finance
ORGANIZATIONthe Securities and Futures Commission
ORGANIZATIONthe Indonesia Stock Exchange
ORGANIZATIONBombay Stock Exchange Limited
ORGANIZATIONthe Central Bank of Brazil
ORGANIZATIONthe Taiwan Securities and Futures Bureau
ORGANIZATIONthe Mexican Stock Exchange
ORGANIZATIONthe Stock Exchange of Thailand
ORGANIZATIONthe Philippine Stock Exchange
ORGANIZATIONEngland & Wales
LOCATION