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HOUSE_OVERSIGHT_024135

House Oversight Committee
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UBS CIO Monthly Extended

July 2012

Published Please see important disclaimer and disclosures at the end of the document. 29 June 2012 The content of this publication reflects the view of UBS Wealth Management & Swiss Bank’s Chief Investment Office (CIO). The relative asset class preferences in this publication refer to an investment horizon of 6 months following the publication date — if not indicated differently - and will be updated on a monthly basis. The preferred investment themes have a time frame of either 3-12 months or >12 months since inception, as indicated. The information does not constitute UBS financial research and therefore may not reflect or be fully aligned with the views of UBS Research expressed in other publications. The statutory regulations regarding the independence of financial research are not applicable to this publication. Investments may be subject to jurisdictional and regulatory restrictions and may therefore not be available — please discuss the availability and appropriateness of specific investments with your client adviser.

HOUSE_OVERSIGHT_024135