PowerPoint Presentation

PineBridge Investments, Taiwan1 AUG 2016

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FedGDPBOJ

PMIQ2GDPPMI

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2

2

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Bloomberg2016/07/29%-Fed

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Bloomberg2016/07/29% -

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Bloomberg2016/07/29JPJACI% -

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Bloomberg2016/07/29%-

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MOVEVIXBloomberg2016/07/29-VIX11bps1.45%8.24%VIX1.25%11.8710.93%(Bloomberg2016/07/29)

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Bloomberg2016/07/292016/07/280.13%530bps7287.163.7410.9(2016/07/28)-bps

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99*FLOW FOLLOW RETURN SO RETAIL REACTED ///// not interest rate risk, flow still fly to IG1, RUSSIA 2. Q2 Profit taking

Global recovery b. low default risk c. low yield envirnoment

mutual fund ETF

0.22%14bps368bps72833.7(2016/07/28)-bpsBloomberg2016/07/292016/07/28

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FedGDPBOJ

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7/27FOMCFOMC0.25%0.50%92016FEDFed

: () Bloomberg, 2016/07/29() Standard Chartered2016/4/4

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: Bloomberg, 2016/07/29

Q2GDP1.2%2.5%

Q2GDP1.2%2.5%

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: EBA(), 2016/07/29

3-2.4%513(CET1)9.2%(RBS)(AIB)

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ETFBOJ 80 ETF3.36240

225

: () BOJ(), 2016/07/29() Bloomberg2016/07/29

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7:20011 2016/07/19

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7:

2016/07/19

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2016/07/19

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7:

2016/07/19

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-

--7:33

2016/07/19-

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PineBridge Investments IP Holding Company Limited()

10101310414410 (02)2516-7883407386128(04)2217-81688026171(A5) (07)335-5898 TR105121

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()Rule 144A

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