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EFTA00001186-p-1.jpg

The image shows an organized storage unit with a series of white drawers. Each drawer is labeled and appears to be sorted by category. There are two distinct sections of the storage unit: one section has several open drawers revealing neatly arranged items, while the other section has closed drawers without visible labels or contents. The text "ETX FILES" is prominently displayed on the image, suggesting a theme related to electronic files or organization systems. The background features plain walls with a horizontal molding, and there are no people visible in the picture.

HOUSE_OVERSIGHT_025247.txt

This document is a monthly report on global investment markets from UBS AG's Global Investment Office. It focuses on key areas such as the global economy, equities, fixed income, and foreign exchange markets, with specific sections dedicated to each asset class. The report highlights that global growth is showing signs of improvement, supported by decisive monetary policy from major central banks. In terms of equity markets, the report recommends preferring US and Emerging Markets (EM), while Canada and Australia are less favored due to falling earnings. The report also discusses fixed income markets, highlighting that US high yield bonds remain supported by strong fundamentals and technicals.