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Copyright 2015 Ezfunds Securities Investment Consulting Enterprise Ltd.2017/04/10

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: Bloomberg 2017/04/10

(%)9/05

(bp)2.3820.0610.228

#IND>IND>12)HE00H0A0DXEM(20160411)ADOL

0.47%FED0.19%

2

(%)(bp)(bp)(bp)3.783503582976.154073863354.772752722683.72175173170

%%3.786.153.724.77

#IND>18)>>14)16)OASHE00H0A0DXEM(20160411)ADOLLDMP3

: Bloomberg 2017/04/10

MSCIMSCI

(%)

#1.4%0.8%Nasdaq0.6%0.7%0.9%1.4%

: Bloomberg 2017/04/10 ==225= (%)

#2.4%19%GDP3.1%Zuma2.0%20161.3%6

5

(2.4%)

(2.0%)

(-1.3%)2016 (4/2)

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Bloomberg

#WFII

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()Bloomberg : 2017/04/10 ()

#BLP WEEKLY REPORT :>

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()Bloomberg : 2017/04/10 ()

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: Bloomberg 2017/04/10(%)

$1.0591111.09101.18(%) $52.24$1254.45

#100.5bp2.382%, 100.9bp0.061%, 10, ECB, 10bp 0.228%0.4%OPEC3.2%CRB 0.7%0.1%0.8%101.18ECB0.6%1.05910.3%111.092.7%2.6%130.9%

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3 9.818.0 23.5 3 4.5%4.7%4.7% 2 1.0%1.0%1.2% 3 ISM PMI57.257.257.7 2 -$43.6b-$44.6b-$48.5b 2 9.5%9.5%9.6% 3 Markit PMI ()56.256.256.2 3 Markit PMI ()54.255.054.6 2 -1.6%0.5%-0.3% 3 Markit PMI ()58.358.358.3

: Bloomberg

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3 PMI ()52.4-52.6 3 PMI48.4-49.2 3 CPI 2.2%2.1%1.9% RBA 1.50%1.50%1.50% 3 PMI 56.2-54.5 2 -0.8%0.3%1.4% 3 $7145m$6850m$4560m 3 MarkitPMI52.452.552.5 3 PMI 52.251.852.5

: Bloomberg

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: Bloomberg

4/10 () 3 CPI 2.3%2.3% 2 2512.9b65.5b4/11 () 4 Zew 77.577.3 3 CPI 2.3%2.3%4/12 () 2 3.7%-3.2% 3 CPI 1.0%0.8% Selic 11.25%12.25% 2 1.4%2.7%4/13 () 3 CPI ()1.1%1.1% 96.596.9 3 $12.50b-$9.15b 3 5.9%5.9%4/14 () 3 CPI 0.0%0.1%

#CDR2) >>GALAXY

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2017EPS19.09%201812.26%EPSFedFEDQEQ45.4%3.3%FEDFEDOPEC

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#(%)MSCI1845.46-0.44 -0.02 3.70 7.34 5.38 13.07 2355.54-0.30 -0.72 3.82 8.87 5.21 15.04 1364.56-1.54 -0.05 -0.46 9.10 0.55 24.35 381.260.03 2.15 4.72 11.49 5.49 14.89 278.910.68 3.11 7.72 13.76 8.40 15.51 22518664.63-1.29 -4.79 -3.30 10.70 -2.35 17.97 5763.54-3.88 -0.96 5.97 29.76 10.20 35.95 3286.621.99 2.30 3.95 7.82 5.90 10.11 MSCI961.610.34 3.83 8.57 4.67 11.52 17.73 MSCI475.690.30 4.48 10.15 4.86 13.54 18.56 MSCI301.880.32 3.91 0.99 7.65 1.65 9.80 MSCI2648.311.43 4.24 10.63 6.13 13.14 26.14 MSCI248.83-0.41 0.50 0.11 2.56 1.66 7.91 Bloomberg124.560.13 0.91 0.64 -2.22 0.82 -1.74 Bloomberg138.260.47 0.42 0.88 -0.48 0.54 1.89 Bloomberg145.810.23 0.89 1.17 -1.05 1.49 2.68 Bloomberg165.160.16 0.48 2.18 3.44 3.14 13.60 Bloomberg175.330.32 0.46 2.24 4.43 3.27 16.68 Bloomberg175.860.13 -0.12 1.08 3.04 1.56 8.06 ETF48.01-0.19 1.44 3.56 3.72 5.17 11.68 Bloomberg161.390.24 0.92 2.95 1.10 3.76 9.28 Bloomberg127.25-0.16 1.75 3.33 -2.55 3.85 0.26 Bloomberg165.96-0.11 0.93 1.64 -1.49 3.70 4.41

Bloomberg 2016/12/05

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(%)()MSCI208.540.87 2.07 -3.59 -0.60 -4.77 12.14 MSCI236.480.25 2.06 4.15 10.42 6.58 24.96 MSCI108.98-1.41 -3.23 0.94 15.19 2.64 24.09 MSCI207.83-1.05 0.42 3.33 7.72 5.80 11.11 MSCI221.310.07 0.86 6.65 2.38 6.64 1.80 MSCI225.89-0.03 0.93 4.73 9.53 6.31 15.92 MSCI179.29-0.67 0.42 8.46 10.73 11.20 23.01 MSCI69.05-1.17 -1.08 -1.55 0.43 -0.69 -2.76 MSCI121.910.16 2.93 2.93 6.16 6.05 2.62 MSCI207.40-0.26 -1.21 3.95 1.81 7.55 3.97 NBI3039.80-0.96 -3.38 1.44 0.89 9.63 4.77 AMEX203.823.34 9.20 2.76 1.75 11.79 5.02 REITsFTSE16474.540.95 4.73 3.24 5.62 3.52 6.65 REITsFTSE1948.761.03 4.46 1.07 2.65 1.22 3.72 REITsFTSE1359.502.69 7.00 4.61 8.77 2.91 -1.13 REITsFTSE1758.330.89 4.73 3.21 -0.80 5.11 3.45 (/)1254.450.41 4.17 5.65 -0.37 8.91 1.26 (/)18.03-1.29 5.44 7.01 1.87 12.80 12.81 (/)5834.00-0.06 1.06 4.36 22.10 5.39 25.45 (/)55.244.56 7.59 3.04 4.01 -2.73 31.78 (/)52.243.24 7.94 2.99 1.93 -2.57 31.77 CRB187.110.66 2.44 -2.11 -0.64 -2.81 9.39 831.96-0.77 -4.41 -2.78 1.28 -1.07 2.05

: Bloomberg 2016/12/05

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(%)1.0591-0.57 -0.87 0.25 -5.02 0.60 -7.26 111.090.27 3.19 4.07 -6.86 5.14 -2.97 1.2371-1.43 1.69 1.61 0.09 0.27 -13.10 1.0091-0.65 0.14 0.74 -2.67 0.94 -5.48 1.3398-0.60 0.34 -1.44 -1.85 0.12 -3.93 0.7500-1.69 -0.46 1.89 -1.31 4.15 -1.16 1134.45-1.43 1.26 4.51 -3.02 5.49 0.31 30.6030-0.84 0.93 4.90 2.81 5.63 5.81 6.9005-0.19 0.03 0.54 -3.31 0.64 -6.35 13321.000.01 0.37 -0.14 -2.63 1.10 -1.45 64.28000.88 3.72 6.11 3.74 5.67 3.40 34.6130-0.76 1.93 2.61 1.41 3.42 1.09 1.4051-0.57 0.48 2.16 -2.21 2.92 -4.42 4.4350-0.21 0.29 0.95 -6.26 1.15 -11.71 49.88800.62 0.87 -0.69 -3.05 -0.49 -7.46 13.7590-2.57 -4.30 -0.21 0.28 -0.23 6.93 3.7332-2.66 0.08 1.64 -17.60 -5.50 -24.02 57.2650-1.81 2.70 4.74 7.82 7.15 16.12 3.9852-0.31 1.85 3.86 -4.02 4.96 -6.02 292.80-1.02 0.12 0.01 -6.78 0.50 -6.70 4.26920.12 -0.28 -0.27 -5.54 0.93 -8.36 3.1464-0.78 -0.86 1.69 2.38 3.46 17.24 18.66620.31 5.08 16.86 1.43 11.07 -5.43 15.34360.29 1.36 3.56 -0.98 3.50 -5.76

: Bloomberg 2016/12/05

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(%) () (bp)30 3.0078-0.2-15.74.055.7-5.745.5102.3822-0.5-19.20.666.4-6.266.60.0610-0.9-2.8-0.312.01.513.60.2280-10.0-9.1-7.020.82.013.90.8930-7.7-7.06.257.820.745.62.2200-9.82.825.983.740.583.11.6140-5.3-12.47.459.923.01.03.8650-11.3-10.8-18.628.610.144.63.4620-2.8-23.8-20.742.3-17.151.211.060013.0-11.0-22.0139.0-33.0108.07.9927-6.2-25.8-43.9-28.3-46.7-130.23.30001.0-15.0-1.036.014.026.08.95406.930.614.526.13.0-31.810.0520-1.2-19.1-131.9-137.6-134.9-418.47.186016.2-14.0-47.1107.9-25.0123.52.19701.0-12.39.566.710.539.67.13709.4-38.7-59.42.8-83.6-43.7*6.76908.9-6.538.03.425.4-67.72.6480-3.9-8.9-5.944.4-0.1108.5

: Bloomberg 2016/12/05 *

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20082014-26.69% -5.61%-36.09% -7.28%-20.81% ---18.82%-5.58%-21.11% -12.76%-9.52% -5.56%

Bloomberg() 2016/11/21%

#G 640420

Copyright 2015 Ezfunds Securities Investment Consulting Enterprise Ltd.

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105008 (02)7708-88886610 (04)3700-7988360171 (07)972-118839

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