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PineBridge Investments, Taiwan29 Aug 2016

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8ISM8PMI

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2

2

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Bloomberg2016/08/19% - FED

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44

Bloomberg2016/08/19% -

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55

Bloomberg 2016/08/19JPJACI%

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66

Bloomberg2016/08/19% OPEC

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77

MOVEVIXBloomberg2016/08/26 FED10VIX5 bps1.63%7.00%VIX20.02%13.610.69%(Bloomberg2016/08/26)

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88

.

. FEDFEDJackson HoleFED

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.Bloomberg2016/08()(6/23)78

00

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1510

.Bloomberg2016/082017PMI

5050

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1511

.FEDBloomberg2016/08/26FED2FED-Jackson HoleFED-9FED

18% 42%20% 47%36% 65%

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1512

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82442662119824640.38 - 2016/08/24

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1414*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

2016/08/24-

8244.10.2%3.50.1%8249.10.3%

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1515*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

PineBridge Investments IP Holding Company Limited()

10101310414410 (02)2516-7883407386128(04)2217-81688026171(A5) (07)335-5898 TR105123

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()Rule 144A

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