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מגזין ינואר 2019

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2011 2019 2018 4 2019 6 32 20 10 9 16 24

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2019 2008 2018 2019 4 6 10 12 KYC Capital 14 9 16 49 Doing Business 18 RSM 20 22 24 MSW 26 28 30 32 www bankautpratit co il 3

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2018 2018 2017 2017 2018 2017 14 000 3 800 2018 2018 4 2017 10 90 2018

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2019 2018 2008 5

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2019 2018 2015 7 50 9 10 5 2018 3 6 2019 2 3 3 5 2 2 2019 2 1 9 2019 2019 2018 3 7 2019 3 6 3 12 1 2 2015 0 25

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12 1 2 0 25 2015 2019 9102 2018 2018 7 S P 500 S P500 7 2019 25 2018 2018 25 2019 8 8 7 14 2 500 P S 14 2 S P 500 7 13 stoxx 600 2018 stoxx 600 13 2018 2018 18 2019 135 3 68 10 7

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135 2018 3 68 10 5 2 2009 BBB 48 high yield A BBB A 2019 9102 2019 2 5 2 5 2 10 0 11 0 11 2 10 2018 5 2 2009 BBB 48 high yield A BBB A 8 high yield high yield 8 1 5 4 5 8 3 5 2016 2015 5 4 8 1 5 8 2015 3 5 2016 4 26 7 7 4 26 1 4 7 7 1 4

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2019 upside 27 12 2018 Senior loans 9

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200 10 2007 Rockefeller 10 7 LeapFrog AllLife

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AllLife HIV 2010 AllLife HIV AIDS AllLife AllLife Drishti Eye 12 80 Drishti Eye Drishti Eye Drishti Eye Drishti Eye Journal of Sustainable Finance Investment 90 2 000 1970 2014 ETF iShares MSCI Global Impact ETF Barclays Women in Leadership 25 11

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2018 21 P2P DIRECT LENDING FOREX HEDGE FUNDS 12

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Integrity Research Performance FOREST 5128616 4B FOREST 5108501 3B 2B 20 80 FOREST 5118674 FOREST 5108519 1B 10 90 1B FOREST 5125265 FOREST 5116629 0A 0A FOREST 5106562 1 2 info forest co il 054 6362270 052 6063601 Mutual Funds 10 20 23 8 2018 BBB FOREST 0A BBB 10 0 1 2 10 3 30 4 50 120 A B 10 2 30 1 Forest 4B 12 12 18 26 01 19

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KYC Capital 2008 14 1 2007

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Private Lenders FED 1821 7 6 5 4 3 2 1 1985Q1 1986Q1 1987Q1 1988Q1 1989Q1 1990Q1 1991Q1 1992Q1 1993Q1 1994Q1 1995Q1 1996Q1 1997Q1 1998Q1 1999Q1 2000Q1 2001Q1 2002Q1 2003Q1 2004Q1 2005Q1 2006Q1 2007Q1 2008Q1 2009Q1 2010Q1 2011Q1 2012Q1 2013Q1 2014Q1 2015Q1 2016Q1 2017Q1 Private Lender FED 1985 8 0 Charge off rate on loans secured by real estate Charge off rate on business loans Charge off rate on consumer loans 15

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9 4 5 2018 2019 2019 16 2018 2018 3 B 405

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HY 2011 2015 2012 2016 High Yield Subordinated Debt 17

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49 Doing Business 25 49 Doing Business 49 Doing Business 2018 8 37 45 55 60 18 Doing Business 2018 12 3 6 40 RSM

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26 2014 20 T

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Nature Communications 22 mRNA messenger RNA mRNA

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OUR PERSONAL FINANCIAL ADVICE BEGINS WITH ONE QUESTION WHAT MATTERS TO YOU juliusbaer com B ank Julius Baer Co Ltd Tel Aviv Representative Office 46 Rothschild Blvd Tel Aviv T 972 0 3603 9111 Julius Baer Financial Services Israel Ltd is licensed by the Israel Securities Authority and provides its clients w ith investment marketing and portfolio management services in Israel and overseas T he Tel Aviv Representative Office of Bank Julius Baer Co Ltd is supervised by the Swiss regulator and is not subject to the supervision of the Supervisor of Banks at the Bank of Israel Aspirations_EN BigDonorsIsraelMuseum 210x280 16082018 indd 1 16 08 18 15 59

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Multiple Myeloma relapse 24 relapse watch and wait 1 single cell RNA sequencing

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Clones Nature Medicine 25 om

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Msw 26 MSW

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16 04 6397982 www somek winery co il 24 12 17 14 03 Somek ad 21x27 indd 1

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19 18 1886 14 1887 22 10 1909 1912 28 70 1913 21 2 1892 1918 19 1909

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054 6149887 www jasminehouse co il JasmineMansion

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1948 33

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2011 2011 2011 2017 2017 2017 12 CoCo CoCo 12 16 4 4 34 4 1616 24 24 34 34 2011 40 2017 4 34 10 190 14 22 2011 2018 20 4 2018 6 22 32 14 www bankautpratit co il www bankautpratit co il