Fron: To: Jeffrey Epstein CC -t—SCSsisiS Subject: Fwd: October 2013- INVESTMENT INSIGHTS Date: Thu, 03 Oct 2013 15:56:08 +0000 Attachments: Investment_Insights 10 2013 _US.pdf Inline-Images: Mail_Attachment.gif; Mail_Attachment(1).gif; Mail Attachment(2).gif Begin forwarded message: From: Amanda Kirby <i - Subject: October 2013- INVESTMENT INSIGHTS Date: October 3, 2013 11:05:30 AM EDT To: Paul Morris <j Classification: Public October 2013- INVESTMENT INSIGHTS Investment Insights is a collaborative effort based on ongoing discussions among GIC members regarding the global economy, capital markets, asset classes, high conviction ideas, themes and risk management. This issue includes: -Introduction from the ClO -Regional Perspective -House View: -Macroeconomics -Investment Implications -Asset Allocation -Forecasts and current data summarized -High Conviction Ideas -Key Contacts: Global Investment Committee (GIC) Wealth Management It is our goal to provide you with a timely piece that represents the best thinking of the PWM Global Investment Committee. | welcome your feedback on Investment Insights. Best, Benjamin Pace U.S. Chief Investment Officer / Head, Global Investment Solutions-Americas EFTA00382017

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Deutsche Bank Trust Company Americas Private Wealth Management York, NY 10154 ‘mall may contain intended r fy the unauthorized ed inf ceived this c and dest this ribution of the mation. munication losure or dis rbidden. Deutsche Bank does not render contained in i and the information legal or tax advice should not be regarded as such. communication EFTA00382018