_OVERSIGHT_025289 --- PAGE BREAK --- Disclaimer UBS CIO WM Research is published by Wealth Management & Swiss Bank and Wealth Management Americas, Business Divisions of UBS AG (UBS) or an affiliate thereof. In certain countries UBS AG is referred to as UBS SA. This publication is for your information only and is not intende

November 2012 4 EFTA_R1_02073874 EFTA02702207 UBS CIO WM Research is published by Wealth Management 8 Swiss Bank and Wealth Management Americas, Business Divisions of UBS AG (U8S) or an affiliate thereof. In certain countries 1185 AG is referred to as 1185 SA This publication is for your information only and 6 not intend