oup President and Member of the Board Founder and Executive Director Managing Editor Chief Executive Officer Corporate Vice-President, Chairman of Emerging Markets and Chief Adviser to the Chief Operating Officer President and Chief Executive Officer Managing Director Undersecretary-General, United Nations Wome

nce of ADRs. EDRs and GDRs may be different from the performance of the ordinary shares of the non-U.S. issuer to which they relate. Investment in Emerging Markets. Certain Funds will invest in securities of companies based in. traded on an exchange in, or with substantial business in or issued by the governmen

nce of ADRs. EDRs and GDRs may be different from the performance of the ordinary shares of the non-U.S. issuer to which they relate. Investment in Emerging Markets. Certain Funds will invest in securities of companies based in. traded on an exchange in, or with substantial business in or issued by the governmen

nce of ADRs. EDRs and GDRs may be different from the performance of the ordinary shares of the non-U.S. issuer to which they relate. Investment in Emerging Markets. Certain Funds will invest in securities of companies based in. traded on an exchange in, or with substantial business in or issued by the governmen

hanghai Tower Developers Seek Leasing Agent WSJ • Cantor Sports-Betting Unit Could Pay $2 Million in Fines to Nevada WSJ • Selloff Accelerates in Emerging Markets WSJ • Bed Bath Investors Can Sleep at Night WSJ • Goldman Sachs Shakes Up Technology Group WSJ • Tishman Speyer Doubles Down on China WSJ • T

arkets Index last week after the Tadawul reportedly insisted on veto power over the composition the index; it had not been included in their broader Emerging Markets Index. Private equity: Gulf private equity transactions rose from $148 mm in 2004 to $3.8 bn in 2007, but fell to $520 mm in 2009. In a 2010 survey

entary and managers' insights on Structured Credit (ABS, MBS, CDO/CLO), Distressed and Natural Resources related strategies • Regional spotlight on Emerging Markets with a focus on "BRIC" countries and Frontier Markets and how the credit crisis may impact investments going forward • Full review of the Fund of F

cyclical rotation has only just begun. Our analysis of 4000 large long-only funds managing $12tn shows that funds have removed their underweight in Emerging Markets and are now neutral relative to benchmark, in aggregate, for the first time in recent years. History suggests that when the Global Wave (our monito

Zain, Kuwait Isabel S. Maxwell, President Emerita, Commtouch; President, Blue World Alliance, USA Francesco Serafini Executive Vice-President for Emerging Markets, Hewlett-Packard Company, Switzerland EFTA00754590 On Monday, October 4, 2010, < wrote: Dear Isabel, I look forward to meeting you in Marrakech

Current: 3607 Long Emerging Markets Inflation • Strong demand for natural resources and agricultural goods driven by growing middle classes in Emerging Markets. • Recent weather related supply disruptions adding to upward pressure on commodity prices. • Increased supply of commodities. • Sharp slowdown

Current: 60.80 Long Emerging Markets Inflation • Strong demand for natural resources and agricultural goods driven by growing middle classes in Emerging Markets. • Recent weather related supply disruptions adding to upward pressure on commodity prices. • Increased supply of commodities. • Sharp slowdown

13 2:58:22 AM Subject: 20 Aug position AUG20stc xls In general, the focus in the market is on the FOMC and their messages. The focus SHOULD be on Emerging Markets economies and currencies. I think that there are many bubbles that will pop over the next three months due to the halt of cheap and copious capita

nce of ADRs. EDRs and GDRs may be different from the performance of the ordinary shares of the non-U.S. issuer to which they relate. Investment in Emerging Markets. Certain Funds will invest in securities of companies based in. traded on an exchange in, or with substantial business in or issued by the governmen

O38 and has held venous roles of increasing responsibilty, nal recently servirg as SunEdscn's Assisted General Counsel with legal responsiblibes for Emerging Markets, Solar Materials and intelectual property licensing and moneteaton Mr Throng's extensive energy industry and leadersho experience enables tin to pro

0 440,545.00 77,463.00 25% Equk7 US Mid Cap/Small Cap 10,063.56 12.681.56 2,618.00 1% Non US Equity 188,222.40 196,366.37 8,143.97 12% Emerging Markets 0.00 16.235 00 16.23500 1% Emergeng Markets Total Value $561,367.96 $665.827.93 $104,459.97 39% US Mid CalaSmall Cap Market Value/Cost M

n US Large Cap 221.241.00 241.682.00 20.441.00 17% US Mid Cap/Small Cap 1352 0.00 (13.52) Non US Equity 48.956.05 51.164.00 2207.94 4% Emerging Markets 13315.00 13.75000 435.00 1% Preferred Stocks 63.125.03 63.500 00 375.00 5% Total Value 5348,650.58 $370,096.00 $23,445.42 27% NI a rke

lity in feedstock prices, further increase of food taxes in Mexico, resumption of dividend payments, general deterioration of risk sentiment towards Emerging Markets resulting in higher risk premia for Mexican credits Recommendation(s): Trade Ratings Issue Spread (OAS) Cash View Horizon Ticker CPN Matur

nce of ADRs. EDRs and GDRs may be different from the performance of the ordinary shares of the non-U.S. issuer to which they relate. Investment in Emerging Markets. Certain Funds will invest in securities of companies based in. traded on an exchange in, or with substantial business in or issued by the governmen

Deutsche Asset & Wealth Management Glossary Explanation of terms Emerging Markets (EM) — An economy not yet fully developed in terms of, amongst others, market efficiency and liquidity. Liquidity — Liquidity refers to the ability

% MSCI EAFE 1974 2003 1.5% 18.9% Russell 20002 1491 1503 0.8% 10.7% NASDAQ 6496 6728 3.6% 25.0% TOPIX 1675 1766 5.4% 16.3% KOSPI 2394 2523 5.4% 24.5% Emerging Markets 1082 1119 3.5% 29.8% Fixed Income 2-Year US Treasury Note 1.49% 1.60% 12 41 10-Year US Treasury Note 2.33% 2.38% 5 -7 BarCap US Agg Corp Sprd 1.01%