Epstein File EFTA01385680: Asset (DS10)

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💨IMPACT LEVEL 1 — MEH

Epstein File EFTA01385680: Asset (DS10)

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Deutsche Bank Wealth Management document dated July 12, 2016 outlining tactical asset allocation changes recommended by the Regional Investment Committee. The document details specific allocation adjustments including a 2.0% increase in unhedged positions and 1.0% increases in emerging market equities and bonds, with supporting economic and asset class outlook analysis.

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asset Deutsche Bank

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Excerpt 1

DB WM - Regional Investment Committee Tactical **Asset** Allocation Changes - July 12, 2016 Provides the rationale behind the tactical **asset** allocation changes

Excerpt 2

(Unhedged) by 2.0% Increase exposure to Emerging Market Equities (Core) by 1.0% Increase exposure to Emerging Market Bonds by 1.0% DB WM - Economic & **Asset**

Excerpt 3

Asset** Class Outlook -