nds. 36 UBS For further information please contact CIO's asset class specialist Achim Peijan, [email protected] and CIO's asset class specialist Daniela Steinbrink Mattei, Preferences (6 months) short duration neutral long duration USD EUR (DE) GBP JPY CHF CAD AUD mnew old underweight neutral overweight Bonds tota

: UBS CIO WM Global Investment Office 23 For further information please contact ClO's asset class specialists Achim Peijan, [email protected] and Daniela Steinbrink Mattei, [email protected] Please see important disclaimer and disclosures at the end of the document. HOUSE_OVERSIGHT_025270 --- PAGE BREA