EFTA01458001Set 10
2015-07-211p551w
kept cairn of late
Eurozonc, periphery • •
• 0 Commodities
German Blinds 12-year) Otw) State!.
German Bunds (10-year) O ti We remain underweight on commodities. Many commodities
Japanese government bonds ... future returns.
No assurance can be given that any forecast, investment Spread over German Bunds
objectives and/or expected returns will be achieved. Allocations 2These traffic-light indicators are only meaningful
https://www.justice.gov/epstein/files/DataSet%2010/EFTA01458001.pdf