EFTA Document EFTA01458005

We. pc,uton ftcx 11, 2 tcej pcluba irnosvowt ti 'Mc hght, 4sse...I as pwspactwos PrAioho High-conviction ideas Selected investment ideas to complement wealth-management clients' portfolios Global financials Idea initiated July 1, 2015 Reference measure MSC! AC World Financials Index vs. MSCI AC World Iride's • inw?stment horizon 3 12 months Performance vince O Financials have tmderperformed the overall equity market over the last month, due in part to concerns over Greece.