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Organization referenced in documents
HOUSE_OVERSIGHT_014432 - HOUSE_OVERSIGHT_014459
L 130 L120 L110 L 100 L 9O 80 2007 2008 2009 2010 2011 2012 2013 2014 FMS Net% say OW JP Equities, Ihs JP Performance vs World, rhs Source: BofA Merrill Lynch Global Fund Manager Survey 2016 Our Japanese equity and FX strategist Shusuke Yamada has been arguing for a while that we would see both a weaker JPY and a rebound in
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00 4.0% 1200 3.5% 1000 . 800 3.0% 600 ‘01 ‘02 ‘03 '04 '05 '06 ‘07 ‘08 09 10 11 12 '13 14 15 16 “17 FMS avg cash balance (%) — S&P 500 (RHS) Source: BofA Merrill Lynch Global Fund Manager Survey, Bloomberg. As a reminder, the FMS Cash Rule works as follows: when average cash balance rises above 4.5% a contrarian buy signal is generated
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Donald Trump
PersonPresident of the United States (2017–2021, 2025–present)
BofA Merrill Lynch Global Credit Research
OrganizationOrganization referenced in documents

Merrill Lynch Global Wealth Management
OrganizationInvestment management and financial planning service

Merrill Lynch
OrganizationAmerican investing and wealth management division of Bank of America
The Financial Service Board
OrganizationOrganization referenced in documents
Merrill Lynch International Incorporated
OrganizationOrganization referenced in documents
Merrill Lynch Securities (Taiwan) Ltd.
OrganizationOrganization referenced in documents
the Securities and Futures Bureau
OrganizationOrganization referenced in documents
Merchant Bank
OrganizationDeals in commercial loans and investment

Bank of America
OrganizationAmerican multinational banking and financial services corporation
BaFin
OrganizationGerman Federal Financial Supervisory Authority
Merrill Lynch (Singapore) Pte Ltd
OrganizationOrganization referenced in documents

Bank of America Corporation
OrganizationAmerican multinational banking and financial services corporation
I Lynch
OrganizationOrganization referenced in documents

Seoul
LocationCapital and largest city of South Korea

United Kingdom
LocationCountry in north-west Europe

Frankfurt
LocationCity in Hesse, Germany

Michael Bloomberg
PersonAmerican businessman and politician; 108th Mayor of New York City

BofA Merrill Lynch
OrganizationAmerican investing and wealth management division of Bank of America

Merri
OrganizationCommune in Orne, France