EFTA01458632.pdf

11 September 2015 Asset Allocation [Figu re 9: At market exchange rate weights global GDP growth has been rising l over the last 3 years —World Real GDP growth rate (IMF data and forecast) 5.0 5.0 4.5 - 4.5 4.0 - 4.0 3.5 - 3.5 3.0 3.0 2.5 - 2.5 2.0 - 2.0 1.5 - 1.5 1.0 - 1.0 0.5 - 0.5 0.0 0.0 to Weights using market exchange rates Sam - Mi. Sr, DOMINI* ant Figure 10: At market weights DM is still much larger than EM with just the US and Eurozone together equal to all of EM Shares In Global GDP Nominal GDP (Stn) Exchange rate Market Market Market Market to PPP inch rate PPP each rate PPP inch PPP exch Region weights weights based weights based rats rats ratio DM 43% 60% 48.1 44.9 US 16% 24% 18.1 18.1 NA NA NA Eurozone 12% 16% 18.0 11.7 0.7 0.9 1.2 Japan 4% 6% 4.8 4.2 104.0 121.7 1.2 EM 57% 40% 64.6 29.6 Asia ex-Japan 31% 23% 3S4 17.4 NA NA NA On 17% 16% 19.0 11.2 3.6 6.4 1.8 India 7% 3% 8.0 2.3 17.9 66.1 3.7 Latam 6% 6% 6.3 3.6 NA NA NA Ekazi 3% 3% 33 1.9 1.8 3.6 2.1 EMEA 7% 4% 7.3 3.1 NA NA NA Russia 3% 2% 3.6 1.2 19.7 65.2 3.3 Sae ar5 rem mat* an _J Page 8 Deutsche Bank Securities Inc. CONFIDENTIAL — PURSUANT TO FED. R. CRIM. P 6(e) DB-SDNY-0118630 CONFIDENTIAL SDNY_GM_00264814 EFTA01458632