EFTA Document EFTA01458250

Investment traffic lights Our tactical and strategic view it 1 To TTIT.T1th:1 Regains United States Europe Eurozone Germany United Kingdom Japan Emerging markets Asia ex Japan Latin America Consumer staples Healthcare Teferximniunications Consumer discretionary Energy Financials Industrials Information technology Materials Style Small and and cap • • • • • • • • • • 'as of 8/13/15 *•as of 6/25/15 • • `as of 8/19/15 Source. Deutsche Asset & Wealth Management