22 May 2015
US Equity Insights
Figure 45: YTD total returns of thematic plays
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!Figure 46: YTI) total returns of thematic plays and underlying sectors and baskets
YTD Total Returns
Cyclicals 2.7% Credit vs. Commodity Play
Consumer Discretionary 6.8% Financials 1.2%
Energy 0.3% Energy 0.3%
Financials 1.2% Capes 3.9%
Industrials 1.3% Industrials 1.3%
Materials 5.3% Energy Equipment & Services 3.8%
Defensives 5.6% Information Technology 5.4%
Utilities -4.6% DBUSBRTE (Reasonable PE Tech) -6.0%
Telecommunication Services 6.1% Consumer 4.8%
Consumer Staples 2.3% Consumer Discretionary 6.8%
Health Care 10.1% Consumer Staples 2.3%
Information Technology 5.4% Dividend Growth 3.5%
Domestic Cyclicals 3.6% Financials 1.2%
Consumer Discretionary 6.8% Information Technology 5.4%
Financials 1.2% Dividend Yield (Bond Substitutes) 1.1%
DBUSDMST (US Domestic Strength)' 5.8% Utilities -4.6%
Global Cyclicals 3.3% Telecommunication Services 6.1%
Energy 0.3% REITs -0.4%
Industrials 1.3% Consumer Staples 2.3%
DBUSCICG (Challenged Cap Goods) • 3.7% Share Buybacks 6.1%
Materials 5.3% Consumer Discretionary 6.8%
5.4% Information Technology 5.4%
Value 0.9% Industrials 1.3%
Energy 0.3% Health Care 10.1%
Financials 1.2% Repatriation Holiday Beneficiaries
Cyclical Growth 4.2% DBUSHIFC (High Foreign Cash) • 1.3%
Consumer Discretionary 6.8% Strong Dollar
Industrials 1.3% High foreign sales (139 Cos) 2.6%
Secular Growth 7.4% No foreign sales (139 Cos) •• 3.8%
Health Care 10.1% Small Cap vs. Large Cap
Information Technology 5.4% Russell 2000 4.9%
S&P S00 ex. Secular Growth 2.4% S&P S00 4.1%
• Returns of stock baskets are price returns
• • Equal-weighted total return
Sane Salt Nasal* as* Thomsen Aran Seentiev Mara LP
Deutsche Bank Securities Inc. Pago 25
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