1. 1. Copyright2014EzfundsSecuri:esInvestmentConsul:ngEnterpriseLtd. 2015/07/20
2. 2. Copyright2014EzfundsSecuri:esInvestmentConsul:ngEnterpriseLtd. 129.30 112.59 49.40 38.90 54.34 2008 2014 () -34.64% -15.70% -36.09% -7.28% -21.11% -12.76% -9.52% -5.56% -18.82%-5.58% Bloomberg() 2015/6/302005/12/31 %
3. 3. Copyright2014EzfundsSecuri:esInvestmentConsul:ngEnterpriseLtd. Bloomberg1bp=0.01% :2015/7/17 (%) (bp) (bp) (bp) 4.69 433 409 297 6.98 497 495 335 8.48 735 728 461 4.05 241 238 218 () () () () ()
4. 4. Copyright2014EzfundsSecuri:esInvestmentConsul:ngEnterpriseLtd. : Bloomberg 2015/7/17 (%) 6.03 (&) 4.69 6.98 % % 8.48 -0.38 -0.07 0.04 0.21 0.23 0.30 0.39 0.68 0.96 1.12 -0.5 0 0.5 1 1.5
5. 5. Copyright2014EzfundsSecuri:esInvestmentConsul:ngEnterpriseLtd. 4.3 1.6 1.6 1.3 0.9 0.5 0.3 -0.4 4.7 2.6 2.3 2.0 2.0 1.9 1.7 1.0 0.3 -1.0 -2 -1 0 1 2 3 4 5 6 5 : Bloomberg 2015/7/17 Google16% MSCI MSCI (%)
6. 6. Copyright2014EzfundsSecuri:esInvestmentConsul:ngEnterpriseLtd. 6 l 10 l 6 -2.1 -12.3 -4.7 -2.5 -3.5 -1.7-2.0 0.7 0.5 0.5 -0.1-0.3 -0.9-0.9-1.0-1.1-1.2-1.3 -2.4-3.0 -14 -12 -10 -8 -6 -4 -2 0 2 CRB (%) : Bloomberg 2015/7/17 124.09$1134.472.347% $1.0830$50.89
7. 7. Copyright2014EzfundsSecuri:esInvestmentConsul:ngEnterpriseLtd. 4.5 4.4 3.6 3.3 3.2 3.2 2.9 2.4 2.2 2.2 2.1 2.1 1.8 1.6 1.5 1.5 0.9 0.8 0.6 0.2 0.2 0.0 -0.1 -0.4 -0.5 -1 0 1 2 3 4 5 7 : Bloomberg 2015/7/17 ==225= (%)
8. 8. Copyright2014EzfundsSecuri:esInvestmentConsul:ngEnterpriseLtd. (3.2%4.5%3.6%) 79.33% (4.4%)5
9. 9. Copyright2014EzfundsSecuri:esInvestmentConsul:ngEnterpriseLtd. Bloomberg
10. 10. Copyright2014EzfundsSecuri:esInvestmentConsul:ngEnterpriseLtd. () Bloomberg : 2015/7/17()
11. 11. Copyright2014EzfundsSecuri:esInvestmentConsul:ngEnterpriseLtd. () Bloomberg : 2015/7/17()
12. 12. Copyright2014EzfundsSecuri:esInvestmentConsul:ngEnterpriseLtd. : Bloomberg 67 7/20() 6 540 535 7/21() 7/22() 6CPI 0.8% 0.2% 7/23() 6 0.2% 0.7% 7 -5.8 -5.6 7.50% 7.50% 6.00% 5.75% 7/24() 6 54.6 54.6 Markit7 52.5 52.5 Markit7 51.9 51.9
13. 13. Copyright2014EzfundsSecuri:esInvestmentConsul:ngEnterpriseLtd. 77 NetflixGoogleIntel 17
14. 14. Copyright2014EzfundsSecuri:esInvestmentConsul:ngEnterpriseLtd. (60%) QE NBI (40%) (2015/7/20)
15. 15. Copyright2014EzfundsSecuri:esInvestmentConsul:ngEnterpriseLtd. 60.3%4,4200.3% 456 1.4% GOOGLEGoogle 11%17.3%YouTube17 16%
16. 16. Copyright2014EzfundsSecuri:esInvestmentConsul:ngEnterpriseLtd. 16 9 316 EFSM 7072035
17. 17. Copyright2014EzfundsSecuri:esInvestmentConsul:ngEnterpriseLtd. 56 20094604165812515 8133 20%63.69 2%5% 5000 16 927 MERS1675 11(MERS) MERS 615
18. 18. Copyright2014EzfundsSecuri:esInvestmentConsul:ngEnterpriseLtd. 12 714 1032 1311 10%
19. 19. Copyright2014EzfundsSecuri:esInvestmentConsul:ngEnterpriseLtd. 6 -0.3% 0.3% 1.0% 6CPI 0.3% 0.3% 0.4% 6PPI 0.4% 0.2% 0.5% 6 0.3% 0.2% -0.2% 6 117.4 110.6 106.9 6 93.3 96.0 96.1 0.50% 0.75% 0.75% 0.05% 0.05% 0.05% 7ZEW 29.7 29.0 31.5 6CPI 0.0% 0.0% 0.2% 6CPI 0.0% 0.1% 0.2% ILO(3-5) 5.6% 5.5% 5.5% : Bloomberg
20. 20. Copyright2014EzfundsSecuri:esInvestmentConsul:ngEnterpriseLtd. () 80 80 80 GDP 7.0% 6.8% 7.0% 6 2.8% 1.0% -2.5 6 -6.1% -15.5% -17.6% 6M2 11.8% 11.0% 10.8% 6 1.28 1.05 9008 6 6.8% 6.0% 6.1% 7.5% 7.5% 7.5% 6 -4.8% -4.0% -5.5% 6 -9.4% -9.0% -9.2% 6 5.4% 5.7% 5.6% 4 9.6% 9.9% 10.6% 5 -4.5% -3.7% -3.3% : Bloomberg
21. 21. Copyright2014EzfundsSecuri:esInvestmentConsul:ngEnterpriseLtd. (%) MSCI 1780.83 2.15 0.34 0.10 5.67 4.16 2.09 2126.64 2.41 0.79 1.25 5.15 3.29 7.50 1267.09 1.20 -1.37 0.17 8.28 5.18 10.03 405.68 4.34 5.21 -0.29 13.97 18.43 19.44 279.57 4.33 5.16 1.67 16.33 21.09 22.36 225 20650.92 4.40 2.36 5.18 18.91 18.34 35.72 5114.94 5.48 2.16 6.88 15.07 16.48 33.80 3957.35 2.05 -11.63 -6.16 24.72 22.34 92.19 MSCI 941.68 0.95 -3.37 -8.91 -1.63 -1.53 -11.43 MSCI 457.76 1.05 -3.90 -10.34 -1.13 0.06 -3.76 MSCI 305.74 0.17 -2.31 -5.98 4.12 3.09 -27.08 MSCI 2448.72 -0.35 -4.42 -6.10 -7.21 -10.23 -30.15 MSCI 273.19 1.61 -0.36 -5.27 1.87 0.89 -17.50 Bloomberg 121.26 0.39 0.20 -2.01 -1.78 0.09 2.54 Bloomberg 131.03 0.96 0.34 -2.62 -1.33 -0.98 1.88 Bloomberg 135.64 0.30 -0.23 -3.71 -2.42 -0.79 0.49 Bloomberg 148.20 -0.07 -0.52 -0.43 2.60 1.28 -3.80 Bloomberg 154.80 0.23 -0.22 -0.75 3.78 3.31 -0.44 Bloomberg 163.12 1.12 1.40 -0.22 2.41 2.67 3.19 ETF 47.44 0.68 -2.08 -1.33 2.20 1.17 -3.37 Bloomberg 144.85 0.21 0.71 -0.85 2.91 2.86 0.94 Bloomberg 124.34 -0.38 -0.03 -1.61 -1.57 -0.06 -1.86 Bloomberg 149.58 0.04 0.97 -2.34 0.14 1.41 5.69 Bloomberg 2015/7/17
22. 22. Copyright2014EzfundsSecuri:esInvestmentConsul:ngEnterpriseLtd. (%) 1.0830 -2.97 -4.48 0.88 -6.21 -10.46 -19.90 124.09 -1.07 -0.60 -3.97 -4.26 -3.49 -18.30 1.5600 0.53 -1.41 4.66 3.01 0.15 -8.64 0.9615 -2.43 -4.22 -0.60 -8.97 3.36 -6.65 1.2972 -2.48 -5.21 -5.86 -6.72 -10.51 -17.31 0.7371 -1.01 -4.66 -4.62 -9.84 -9.87 -21.39 1147.49 -1.59 -2.59 -5.56 -6.06 -4.92 -10.30 31.0770 -0.25 -0.53 -0.14 1.52 1.86 -3.42 6.2095 0.00 0.00 -0.19 0.18 -0.06 -0.09 13353.00 -0.29 -0.04 -3.77 -5.50 -7.23 -12.48 63.4737 -0.12 1.01 -1.75 -2.77 -0.68 -5.19 34.2200 -0.85 -1.61 -5.38 -4.51 -3.90 -6.86 1.3677 -1.23 -2.43 -1.50 -2.33 -3.17 -9.44 3.7968 -0.07 -1.04 -4.55 -5.93 -7.89 -16.34 45.2400 -0.33 -0.28 -2.29 -1.48 -1.15 -3.79 12.3600 0.73 -2.16 -1.80 -6.28 -6.43 -14.25 2.6529 0.52 0.29 1.56 -11.72 -12.14 -20.30 56.9489 -0.94 -5.32 -6.28 14.53 6.62 -38.18 3.7921 -1.29 -3.08 -1.98 -1.04 -6.53 -19.12 285.28 -2.10 -3.99 -2.72 -4.02 -8.33 -19.80 4.0801 -2.51 -2.90 1.26 -4.15 -9.17 -19.28 3.1881 -0.88 -4.12 -4.62 -16.85 -16.64 -29.17 15.9266 -1.35 -3.70 -2.96 -7.95 -7.38 -18.56 9.1438 -0.25 -1.07 -3.03 -5.90 -7.42 -10.80 : Bloomberg 2015/7/17
23. 23. Copyright2014EzfundsSecuri:esInvestmentConsul:ngEnterpriseLtd. (%) () (bp) 30 3.0828 -10.7 -1.0 56.3 63.0 33.1 -18.3 10 2.3469 -5.0 3.0 48.2 51.0 17.6 -9.9 0.4260 -2.1 -5.5 11.8 18.3 9.7 -11.1 0.7880 -11.0 -2.0 71.0 33.4 24.7 -36.1 0.7880 -11.0 -2.0 71.0 33.4 24.7 -36.1 1.0750 -20.8 -16.3 70.5 44.2 24.9 -50.2 1.9200 -21.4 -39.3 44.2 26.2 3.0 -86.8 1.9360 -19.3 -39.3 48.2 43.4 32.5 -69.4 2.6410 -20.3 -52.4 62.5 11.1 -4.6 -105.0 2.8920 -15.6 -43.0 59.1 61.4 37.4 -47.3 9.2800 -14.0 -44.0 37.0 199.0 126.0 46.0 10.3277 -49.0 -57.8 -34.2 -315.6 -267.9 130.8 3.6600 -6.0 -47.0 38.0 45.0 6.0 -72.0 8.0590 -16.8 -40.6 20.3 68.1 9.0 -6.9 12.6060 1.1 -4.5 1.6 57.7 24.2 64.8 5.9960 -1.6 -16.1 26.4 57.9 15.2 33.9 2.4670 -3.5 -8.9 35.2 12.0 -13.8 -53.4 8.2360 -8.9 -36.4 70.3 45.1 44.0 16.5 * 7.8440 3.8 -0.7 4.8 13.7 -1.3 -89.1 9 2.8270 2.8 -16.2 18.4 39.0 9.8 -88.1 : Bloomberg 2015/7/17
24. 24. Copyright2014EzfundsSecuri:esInvestmentConsul:ngEnterpriseLtd. (%) () MSCI 215.46 -1.03 -5.16 -11.97 -4.41 -9.40 -29.33 MSCI 219.12 0.34 -4.78 -5.05 -0.55 -1.76 -14.02 MSCI 106.82 2.58 1.08 1.78 8.47 3.95 2.73 MSCI 202.35 1.94 0.73 1.94 11.55 8.67 11.24 MSCI 210.20 2.05 2.37 1.24 3.31 5.14 5.28 MSCI 201.89 1.68 -1.51 -2.05 3.08 1.29 -1.48 MSCI 148.78 4.72 1.21 2.15 7.42 5.31 10.88 MSCI 72.30 1.96 1.52 1.85 4.12 5.76 -0.51 MSCI 115.79 0.99 0.36 0.36 -6.40 -5.91 -5.26 MSCI 227.36 2.28 2.59 3.75 9.83 13.74 20.54 NBI 4162.86 6.77 5.38 11.10 23.22 31.01 58.85 AMEX 128.56 -9.27 -17.75 -27.56 -38.10 -21.62 -47.10 REITs FTSE 14072.23 0.87 0.35 -2.84 -6.98 -1.23 6.62 REITs FTSE 1711.51 0.97 0.78 -2.93 -7.93 -1.42 6.79 REITs FTSE 1547.33 6.59 9.80 1.31 13.11 23.47 30.90 REITs FTSE 1464.17 3.54 -2.54 -5.26 -7.23 -3.73 -5.30 (/) 1134.47 -2.51 -5.64 -5.29 -12.57 -4.41 -13.61 (/) 14.89 -4.43 -8.23 -6.84 -17.29 -5.25 -28.86 (/) 5480.00 -1.97 -4.61 -9.57 -4.11 -13.02 -22.46 (/) 57.10 -2.78 -10.60 -10.01 13.81 -0.40 -47.08 (/) 50.89 -3.51 -14.59 -9.70 9.74 -4.43 -50.64 CRB 214.54 -1.70 -3.41 -3.67 -2.02 -6.70 -27.86 918.29 -2.21 4.20 4.37 -1.71 -4.80 -9.92 : Bloomberg 2015/7/17
25. 25. Copyright2014EzfundsSecuri:esInvestmentConsul:ngEnterpriseLtd. / (02)770-88888 6633 (03)620-5699 897 (04)3700-7988 360171 (07)972-1188 39 Copyright2015EzfundsSecuri:esInvestmentConsul:ngEnterpriseLtd.
26. 26. Copyright2014EzfundsSecuri:esInvestmentConsul:ngEnterpriseLtd.