PowerPoint Presentation

PineBridge Investments, Taiwan18 April 2016

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Markit4/21

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2

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Bloomberg2016/04/15%-

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Bloomberg2016/04/15% -

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Bloomberg 2016/04/125JPJACI% -

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Bloomberg2016/04/15%-

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MOVEVIXBloomberg2016/04/15-VIX153bps1.75%6.19%VIX11.33%13.622.10%(Bloomberg2016/02/12)

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Bloomberg2016/04/152016/04/141.30%32bps596bps4146.962.018.97(2016/04/14)-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

1.18%20bps395bps41416.4(2016/04/14)(3/29)1892015-8bps

Bloomberg2016/04/152016/04/14

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1010

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2016/04/12

5%

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2016/04/12

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:IMF: 2016/3/31IMF20164.5%

IMF2016

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4 2016/04/12

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1.7 (Transforming World Atlas) 2016 3

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This would be really big picture, but one of the pillars of EM growth.The productive share of the population will continue to grow until around 2050 in EM. Which means the saver-spender ratio increases, and so does capital formation. As opposed to DM where population ages and capital formation falls.The link is a one-page read.https://www.un.org/development/desa/en/news/population/2015-report.htmlThe map is very different in 2050 than 2015, the green remains only EM.

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Bloomberg2016/04/13

311.5% 3311.5%25.4%37.6%213.8%33

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Bloomberg2016/04/15

34143CPI0.1%CPI0.1%8headline CPI

3CPI

40%

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4:5.4% 2016/03/15

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2016/04/12

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4:2

2016/04/12

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--4:

2016/04/12

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PineBridge Investments IP Holding Company Limited()

10101310414410 (02)2516-7883407386128(04)2217-81688026171(A5) (07)335-5898 TR105057

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()Rule 144A

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