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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.
The J.P. Morgan View 11 aty2014 rationale across currencies. There are no significant forecast changes this month. We still expect the USD index (JPMQUSD) to rise 1% in Q3 and another 1.5% in Q4, with significant dispersion across pairs. Those currencies that should fall by year-end include (Q4 targe
jpmorgan.contidisclosuresicommiy, calling 1-800-477-0406, or e-mailing research.disclosure.inquirie.sqjpmorgan.com with EFTA00678715 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,
d add another 2mm to that European equity basket. We went further ovenveight Europe. Paul Barrett I Managing Director I Global Investment • • up I J.P. Morgan Private Bank I 320 Park Avenue, 14th Floor, New York, NY 10022 I T: I F: (212) 310 01081 ns I NMLS ID# 853441 Original Message From: Perlman, Daniel A Sen
ng around 2.6% for almost two months and FX volumes down to their typical August lows, the dollar index is freefalling. The trade-weighted currency (JPMQUSD) has declined for four of the past five weeks, and while moves have been inconsistent across pairs, some of this year's biggest losers (JPY, GBP, NZ
m to that European equity basket. We went f=rther overweight Europe. Paul Barrett I Managing Director I Global Investment Opportunities Group I =.P. Morgan Private Bank I Original Message From: Perlman, Daniel A Sent: Friday, August 09, 2013 05:09 PM Eastern Standard Time To: Subject: The J.P. Morgan View : Wh
ng around 2=6% for almost two months and FX volumes down to their typical August lows,=the dollar index is freefalling. The trade-weighted currency (JPMQUSD) has=declined for four of the past five weeks, and while moves have been inconsistent across pairs, =ome of this year's biggest losers (JPY, GBP, NZ
Entities connected to both JPMorgan Chase and JPMQUSD

Jeffrey Epstein
PERSON
Paul Barrett
PERSON
Eric Trump
PERSONBarrett
PERSON
Matthew Lehmann
PERSON
John Normand
PERSONBrent
ORGANIZATIONStrategy, Technical
ORGANIZATIONJan Loeys
PERSONSeamus Mac Gorain
PERSONMSCI EM
ORGANIZATIONFlows & Liquidity
ORGANIZATIONGlobal Asset Allocation
ORGANIZATION
MSCI World
ORGANIZATIONPerlman
PERSONColin Fenton
PERSONKasman
PERSONUS Financials
ORGANIZATIONEric Beinstein et al
PERSON