Deutsche Bank
Research
Global
Equity Index Change Research
DBIQ Update
DB Short Duration EM Index,
Constituents Selection Dec 2014
This report shows the projected constituents and weights for the DB Short
Duration Emerging Market Bond Index (Bloomberg ticker: DBEMPRO <Index>)
for the quarter September 2014 - February 2015. Final weights will be
published on the first business day of the month.
Date
25 November 2014
Contributors
Dragos Ailoae
Research Analyst
(+1) 212 250-3337
dragos.ailoae@db.com
________________________________________________________________________________________________________________
Deutsche Bank Securities Inc.
Deutsche Bank does and seeks to do business with companies covered in its research reports. Thus, investors should
be aware that the firm may have a conflict of interest that could affect the objectivity of this report. Investors should
consider this report as only a single factor in making their investment decision. DISCLOSURES AND ANALYST
CERTIFICATIONS ARE LOCATED IN APPENDIX 1.MCI (P) 148/04/2014.
25 November 2014
DBIQ Update
DB Short Duration EM Bond Index Constituents Selection
December 2014
ISIN
US718286AK32
XS0089375249
US922646AT10
US593048BA88
US91086QAL23
USP97475AD26
US71645WAH43
US715638AQ52
US195325BE41
US900123AV22
US105756BE97
US445545AC05
US105756BG46
USY20721AB57
USY20721AD14
US731011AP73
USP97475AF73
USY20721AF61
US91086QAU22
US195325BJ38
US900123AZ36
US71645WAL54
USN54360AB30
USY6244HAE81
US105756BM14
XS0276053112
XS0276456315
XS0294364103
XS0300998779
USN54360AC13
US900123BA75
US71645WAM38
XS0330776617
USY20721AK56
XS0357281558
XS0366630902
USP14486AA54
XS0381439305
Page 2
CUSIP
Weight
718286AK3
EC0108794
922646AT1
593048BA8
91086QAL2
ED2379482
71645WAH4
715638AQ5
195325BE4
900123AV2
105756BE9
445545AC0
105756BG4
ED9028066
EF1243650
731011AP7
EF1876921
EF3106491
91086QAU2
195325BJ3
900123AZ3
71645WAL5
EF7661038
EF7978796
105756BM1
EF8567788
EF8631923
EG3110210
EG4452488
EG5887344
900123BA7
71645WAM3
EH0106375
EH1592292
EH2963625
EH3793757
EH4287429
EH4946339
0.91%
1.44%
0.53%
0.92%
0.61%
0.52%
0.14%
0.37%
0.89%
1.05%
0.31%
1.31%
0.31%
0.51%
0.49%
0.90%
1.05%
0.55%
1.52%
1.62%
0.82%
0.20%
0.52%
0.47%
0.74%
0.40%
0.46%
1.59%
0.50%
0.49%
0.94%
0.40%
0.28%
1.08%
0.39%
0.88%
0.34%
0.38%
Deutsche Bank Securities Inc.
25 November 2014
DBIQ Update
US900123BD15
US91086QAW87
US706451BS94
US105756BQ28
US195325BL83
US718286BE62
US900123BE97
US71645WAN11
USY20721AP44
US715638AW21
XS0423038875
US900123BF62
USY7083VAB54
US836205AM61
USP14486AC11
US731011AR30
USM8222MAG70
USP9379RAA51
USN54360AE78
US71654QAU67
USP97475AN08
XS0457764339
USY2029SAE47
XS0460546525
XS0460546798
XS0464257152
XS0468466486
US05957PAQ90
XS0491998133
XS0499245180
XS0503737461
XS0504954180
XS0524435715
US731011AS13
XS0541528682
XS0543783434
XS0543956717
XS0552679879
XS0556327822
XS0559355135
XS0559800122
XS0562354182
US71645WAT80
XS0590902325
900123BD1
91086QAW8
706451BS9
105756BQ2
195325BL8
718286BE6
900123BE9
71645WAN1
EH7402611
715638AW2
EH7811001
900123BF6
EH8379107
836205AM6
EH8560458
731011AR3
EH9094820
EH9156355
EH9295807
71654QAU6
EH9901297
EI0042487
EI0140679
EI0184271
EI0184354
EI0319000
EI0531463
05957PAQ9
EI1699244
EI1259924
EI2242929
EI2329874
EI3117294
731011AS1
EI3994601
EI4105017
EI4107096
EI4451650
EI4548471
EI4653289
EI4664617
EI4741795
71645WAT8
EI5651373
Deutsche Bank Securities Inc.
0.65%
1.08%
1.88%
0.66%
2.07%
1.38%
0.96%
0.66%
1.35%
0.74%
0.59%
0.66%
1.08%
2.03%
0.34%
3.62%
0.63%
0.52%
0.78%
1.59%
1.21%
1.33%
0.44%
1.03%
0.60%
1.44%
1.76%
0.29%
0.42%
0.50%
0.56%
0.67%
0.51%
1.02%
0.71%
0.22%
0.42%
0.25%
0.37%
1.31%
0.19%
0.34%
0.55%
0.67%
Page 3
25 November 2014
DBIQ Update
XS0592794597
XS0594294695
XS0619856460
XS0638552942
XS0701688128
USY68616AA22
US05958AAF57
XS0708813653
XS0615235537
USP90603AL83
XS0742380412
US71645WAV37
US71645WAU53
XS0719009754
XS0747927746
XS0748305017
XS0767469827
XS0772509484
XS0774764152
XS0776179656
XS0776178419
USY0646EAR37
XS0796426228
XS0799357354
XS0801656256
XS0806482948
XS0808758196
XS0831353361
US12803X2A85
XS0853036860
XS0854469599
XS0862476230
XS0877737287
US445545AG19
XS0906434872
XS0914798268
US71647NAC39
US71647NAB55
XS0955232854
US71654QBJ04
XS0971721377
US71567RAB24
USP14486AE76
US12803X2C42
Page 4
EI5731076
EI5972118
EI6489237
EI7088756
EI8610996
EI8776656
05958AAF5
EI8818136
EI8937332
EJ0067037
EJ0082366
71645WAV3
71645WAU5
EJ0117584
EJ0288369
EI8048452
EJ1129448
EJ1227762
EJ1322225
EJ1397466
EJ1357718
EJ1526668
EJ2465551
EJ2533150
EJ2783193
EJ2839029
EJ2895906
EJ3713108
12803X2A8
EJ4305938
EJ4353755
EJ4669507
EJ5154673
445545AG1
EJ5930528
EJ6140101
71647NAC3
71647NAB5
EJ7633625
71654QBJ0
EJ8269940
71567RAB2
EJ8474128
12803X2C4
0.23%
0.47%
0.45%
0.52%
0.28%
0.89%
0.16%
0.33%
1.04%
0.51%
0.43%
0.27%
0.38%
0.25%
0.94%
0.90%
0.66%
0.65%
0.42%
1.39%
0.44%
0.46%
1.10%
0.33%
1.01%
0.41%
1.10%
0.78%
0.29%
0.45%
0.86%
0.39%
0.39%
1.13%
0.32%
0.44%
0.26%
0.41%
1.07%
0.71%
0.49%
1.45%
0.39%
0.38%
Deutsche Bank Securities Inc.
25 November 2014
DBIQ Update
XS0975124180
XS0987063566
XS0993162170
XS1009483204
USY8137FAA67
US71656MAW91
XS1043519567
US71647NAG43
US445545AK21
USP14486AK37
USY8137FAB41
US12803X2D25
XS1069383856
XS1117300753
EJ8654679
EJ9004429
EJ9460738
EK0005307
EK0129214
71656MAW9
EK1092643
71647NAG4
445545AK2
EK1697508
EK1693663
12803X2D2
EK3041259
EK5869103
Deutsche Bank Securities Inc.
0.69%
0.65%
0.26%
1.28%
0.93%
0.00%
0.17%
0.34%
0.89%
0.31%
0.45%
0.39%
0.27%
0.23%
Page 5
25 November 2014
DBIQ Update
Appendix 1
Important Disclosures
Additional information available upon request
For disclosures pertaining to recommendations or estimates made on securities other than the primary subject of this
research, please see the most recently published company report or visit our global disclosure look-up page on our
website at http://gm.db.com/ger/disclosure/DisclosureDirectory.eqsr
Analyst Certification
The views expressed in this report accurately reflect the personal views of the undersigned lead analyst(s). In addition,
the undersigned lead analyst(s) has not and will not receive any compensation for providing a specific recommendation
or view in this report. Dragos Ailoae
Equity rating key
Buy: Based on a current 12- month view of total
share-holder return (TSR = percentage change in
share price from current price to projected target price
plus pro-jected dividend yield ) , we recommend that
investors buy the stock.
Sell: Based on a current 12-month view of total shareholder return, we recommend that investors sell the
stock
Hold: We take a neutral view on the stock 12-months
out and, based on this time horizon, do not
recommend either a Buy or Sell.
Notes:
1. Newly issued research recommendations and
target prices always supersede previously published
research.
2. Ratings definitions prior to 27 January, 2007 were:
Equity rating dispersion and banking relationships
1600
1400
1200
1000
800
600
400
200
0
48 %
47 %
37 %
31 %
5%
Buy
Hold
Companies Covered
17 %
Sell
Cos. w/ Banking Relationship
Global Universe
Buy: Expected total return (including dividends)
of 10% or more over a 12-month period
Hold:
Expected total
return
(including
dividends) between -10% and 10% over a 12month period
Sell: Expected total return (including dividends)
of -10% or worse over a 12-month period
Page 6
Deutsche Bank Securities Inc.
25 November 2014
DBIQ Update
Deutsche Bank Securities Inc.
Page 7
25 November 2014
DBIQ Update
Regulatory Disclosures
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Aside from within this report, important conflict disclosures can also be found at https://gm.db.com/equities under the
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Deutsche Bank equity research analysts sometimes have shorter-term trade ideas (known as SOLAR ideas) that are
consistent or inconsistent with Deutsche Bank's existing longer term ratings. These trade ideas can be found at the
SOLAR link at http://gm.db.com.
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EU
countries:
Disclosures
relating
to
our
obligations
under
MiFiD
can
be
found
at
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Registration number - Registered as a financial instruments dealer by the Head of the Kanto Local Finance Bureau
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Page 8
Deutsche Bank Securities Inc.
25 November 2014
DBIQ Update
Deutsche Bank Securities Inc.
Page 9
David Folkerts-Landau
Group Chief Economist
Member of the Group Executive Committee
Raj Hindocha
Global Chief Operating Officer
Research
Michael Spencer
Regional Head
Asia Pacific Research
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Global Head
FICC Research & Global Macro Economics
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Regional Head
Deutsche Bank Research, Germany
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Co-Global Heads
Equity Research
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