This document appears to be a multi-page financial report containing the following types of information: - Daily performance data for various stock market indices around the world, including percentages changes. - Daily commodity prices and percentages changes for items like oil, metals, and agricultural goods. - Current bond yield curves and spread data for government and corporate bonds of different credit ratings. - Economic indicators like GDP, inflation, and sentiment surveys from various countries. - Brief mentions of political/policy news items, such as discussions around TikTok and comments by central bankers. - Charts and graphs visualizing trends in areas like bond yields, credit spreads, commodity prices over time.

1. 14 August
2020

3. PAGE 2
•
10
0.7208% 2 10
14 10
-0.412%
•
0.18% 486
0.29% 547
•
0.07%
0.13% 0.10%
0.37%
1.74%
Paulo Guedes Jair
Bolsonaro
Bloomberg 2020/8/13
0.83
-0.36
0.08
1.09
1.40
0.63
1.99
3.58
2.29
2.21
3.94
2.50
4.14
2.96
2.79
2.34
-1.43
-1.21
-1.09
-0.87
-0.77
-0.37
-0.27
-0.18
-0.17
-0.10
0.07
0.13
0.29
0.49
0.55
0.62
ESG ( )
-
-
% %

4. PAGE 3
•
•
S&P 500 0.72%
• Stoxx
6
600 2.77%
•
225 3.71%
300 2.67%
•
0.51%
Bloomberg 2020/8/13
1.79
-4.48
2.28
2.46
4.52
2.32
-3.13
3.59
6.92
4.41
5.57
0.55
1.51
7.42
2.04
5.76
-3.52
-2.67
-2.20
-1.25
-1.16
-0.94
0.41
0.51
0.72
0.75
1.00
2.77
3.19
3.41
3.71
4.07
BOVESPA
300
MSCI
MSCI
MSCI
H
BAML
S&P 500
SENSEX
MSCI
600
DAX
RTS
Nikkei 225
MSCI
% %

5. PAGE 4
•
IEA OPEC
0.29%
3 0.69%
• 8 7 EIA
450 ( )
220
Bloomberg 2020/8/13
8.37
-4.79
-2.07
2.84
5.02
-5.34
4.35
5.24
5.87
5.34
2.55
-1.06
-5.32
-3.43
-3.07
-2.60
-1.53
-0.90
-0.79
-0.29
0.23
0.69
2.46
4.50
LME
LME
LME
LME
CRB
% %

6. PAGE 5
• 79 48
5 8
16
• 136
107 5
10
Bank of America Merrill Lynch EPFR 2020/8/12
Weekly FICC flows as % AUM

8. PAGE 7
• Trump
TikTok
11
11
2022
•
Trump
400
• 7 (CPI)
0.6%( 2) CPI
0.6% 29
7 (PPI)
0.6%
• Joe Biden
(Kamala Harris)
Biden
( 2)
( 1) S&P 500
Bloomberg 2020/8/13

9. PAGE 8
Bloomberg 2020/8/13
( 1)
( 2)
•
0.18%( 1)
•
Occidental
Petroleum Targa Resources
Black Knight Inc
2,748
• Refinitiv I/B/E/S
8 13 9 S&P 500
2 81.4%
65% 4
71% S&P 500 2
33.7% 9.4%
• 7
176 ( 2)
479
10.2% 8 8
96.3 3
100

10. PAGE 9
• 6
9.1%( 1) 2
20.2%
8 Sentix
-18.2 -13.4
4
• 8 ZEW 7
59.3 71.5 58.0
-81.3 -68.8
• GDP 2 GDP 20.4%
2
Ramsden
• 7
3.9% 2
31.1%( 2) 6
( 1)
( 2) ( %)
Bloomberg 2020/8/13

11. PAGE 10
( 1)
( 2) ( )
Bloomberg 2020/8/13
• 7
1.7 ( 1) M2 10.7%
• 7 CPI 2.7%( 2)
3
CPI
0.5%
7 PPI
2.4%
•
• 7 -7%
10.9%

13. PAGE 12
Bloomberg 2020/8/14
/ /
8/17 8 14.2 17.2
8/17 2 GDP( ) -25.7% -2.2%
8/17 6 ( ) - -17.7%
8/18 7 1,238k 1,186k
8/19 7 CPI( ) 0.4% 0.3%
8/19 6 ( ) -17.4% -16.3%
8/19 7 4.00% 4.00%
8/20 7 1.0% 2.0%
8/20 8 20.9 24.1
8/20 1 3.85% 3.85%
8/20 5 4.65% 4.65%
8/20 1 8.25% 8.25%
8/20 BSP 2.25% 2.25%
8/21 8 Markit PMI( ) 51.9 50.9
8/21 8 Markit PMI( ) 52.7 51.8
8/21 8 PMI( ) - 45.2
8/21 8 -15.5 -15.0

14. PAGE 13
Bloomberg ICE (Yield to Maturity)
Option Adjusted Spread Z-Spread to Worst * ICE
2.0
2.5
3.0
3.5
4.0
4.5
5.0
2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
: 1.98 (8/13)
0
50
100
150
200
250
300
350
400
2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
: 126 (8/13) 5 : 131
4.5
5.0
5.5
6.0
6.5
2013 2014 2015 2016 2017 2018 2019 2020
: 4.64 (8/13)
/ /
200
300
400
500
600
700
2013 2014 2015 2016 2017 2018 2019 2020
: 412 (8/13) 5 : 358

15. PAGE 14
Bloomberg (Yield to Maturity)
Option Adjusted Spread Z-Spread to Worst
2.0
4.0
6.0
8.0
10.0
12.0
14.0
2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
: 6.17 (8/13)
2.0
4.0
6.0
8.0
10.0
12.0
14.0
2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
: 5.96 (8/13)
/ /
200
400
600
800
1,000
1,200
1,400
2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
: 547 (8/13) 5 : 482
200
400
600
800
1,000
1,200
2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
: 486 (8/13) 5 : 453

16. PAGE 15
Bloomberg J.P. Morgan - (Yield to
Maturity) Option Adjusted Spread Z-Spread to Worst
2.0
4.0
6.0
8.0
10.0
12.0
14.0
2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
: 4.28 (8/13)
2.0
4.0
6.0
8.0
10.0
12.0
2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
: 7.19 (8/13)
/ /
200
400
600
800
1,000
1,200
2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
: 449 (8/13) 5 : 396
100
300
500
700
900
1,100
1,300
2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
: 686 (8/13) 5 : 495

17. PAGE 16
Bloomberg J.P. Morgan (EMBIG) J.P. Morgan (CEMBI)
(Yield to Maturity) Option Adjusted Spread Z-Spread to Worst
2.0
3.0
4.0
5.0
6.0
7.0
8.0
9.0
2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
: 4.91 (8/13)
2.0
3.0
4.0
5.0
6.0
7.0
8.0
2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
: 4.45 (8/13)
/ /
200
300
400
500
600
700
800
2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
: 421 (8/13) 5 : 369
100
200
300
400
500
600
700
2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
: 358 (8/13) 5 : 322

18. PAGE 17
Bloomberg J.P. Morgan (JACI) (Yield to
Maturity) Option Adjusted Spread Z-Spread to Worst
2.0
4.0
6.0
8.0
10.0
12.0
14.0
16.0
18.0
2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
: 7.63 (8/13)
2.0
3.0
4.0
5.0
6.0
7.0
2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
: 3.69 (8/13)
/ /
200
400
600
800
1,000
1,200
1,400
1,600
2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
: 705 (8/13) 5 : 582
100
150
200
250
300
350
400
450
500
2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
: 256 (8/13) 5 : 217

19. PAGE 18
Bloomberg 12
/ /
8
10
12
14
16
18
20
22
2008 2010 2012 2014 2016 2018 2020
: 20.8 (8/13) 5 : 16.0
8
10
12
14
16
18
20
22
24
2008 2010 2012 2014 2016 2018 2020
: 22.4 (8/13) 5 : 17.1
6
8
10
12
14
16
18
20
2008 2010 2012 2014 2016 2018 2020
: 18.3 (8/13) 5 : 14.6
10
12
14
16
18
20
22
24
2012 2013 2014 2015 2016 2017 2018 2019 2020
: 20.7 (8/13) 5 : 16.2

20. PAGE 19
Bloomberg 12
4
6
8
10
12
14
16
2008 2010 2012 2014 2016 2018 2020
: 15.1 (8/13) 5 : 12.0
0
5
10
15
20
25
30
35
2008 2010 2012 2014 2016 2018 2020
: 13.9 (8/13) 5 : 12.0
5
10
15
20
25
2008 2010 2012 2014 2016 2018 2020
: 21.6 (8/13) 5 : 17.5
5
10
15
20
25
2008 2010 2012 2014 2016 2018 2020
: 18.0 (8/13) 5 : 12.2
/ /

21. PAGE 20
Bloomberg
0
20
40
60
80
100
2008 2010 2012 2014 2016 2018 2020
: 22.13 (8/13) 5 : 17.18
0
50
100
150
200
250
300
2008 2010 2012 2014 2016 2018 2020
: 45.1 (8/13) 5 : 63.3
50
60
70
80
90
100
110
120
2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
: 54.9 (8/13) 5 : 64.8
200
300
400
500
600
700
800
900
1,000
2013 2014 2015 2016 2017 2018 2019 2020
: 401 (8/13) 5 : 384
/ /

22. PAGE 21
Bloomberg
* 50% +50%
0%
5%
10%
15%
20%
25%
30%
35%
40%
'15/8/13 '16/8/13 '17/8/13 '18/8/13 '19/8/13 '20/8/13
-15%
-5%
5%
15%
25%
35%
45%
'15/8/13 '16/8/13 '17/8/13 '18/8/13 '19/8/13 '20/8/13
-5%
5%
15%
25%
35%
45%
'15/8/13 '16/8/13 '17/8/13 '18/8/13 '19/8/13 '20/8/13
-10%
0%
10%
20%
30%
40%
'15/8/13 '16/8/13 '17/8/13 '18/8/13 '19/8/13 '20/8/13
5 1
34.3% 0.5%
28.3% 0.1%
5 1
34.3% 0.1%
30.7% 0.1%
5 1
34.3% 0.3%
29.5% 0.1%
5 1
32.2% 0.0%
25.4% 0.1%

23. PAGE 22
TR109222
PineBridge Investments IP Holding Company Limited
• /
•
•
•
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