Return to flip book view

2011 2020 4 28 11 14 32

2020 3 1977 400 1985 2002 2005 15 2013 2015 2020 4 6 3 5 10 11 12 8 2040 12 RSM 14 16 Sage Equities 18 20 22 24 Even Better 38 26 28 30 MSW 32 34 www bankautpratit co il 3

4

2019 2008 2019 5

2020 30 35 23 24 10 03 15 04 01 12 0 1 MSCI 04 MSCI Index 10 ACWI Index 21 ACWI 15 04 3 4 4 5 15 6 3 3 14 633 433 133 2 0 0 25 700 500 200 3 750 3 4 0 1 50 B643 90 2 3 3 0 3 83 43 2020 5 8 2021 4 8 2020 2 2020 1313 25 6 4 7 3 7 1310 1313 14 3 8 1313 10 2020 2 7 5 IMF 7 5 03 IMF 6 4 1313 6 3 2020 1313 5 2 4 5 V U L

V U W L s p500 30 13 s p500 14 5 26 2020 15 20 5 5 stoxx600 20 35 20 stoxx600 17 2020 125 35 25 16 20 70 2019 10 0 6 1 87 Barclays corporate bond 14 BBB 16 5 35 4 8 20 11 fallen angels 1 2 1 10 8 15 7 7 7

2020 HY 8 10 2020 HY clo clo FRED Graph 5 2 2020 ICE BofA BBB US Corporate Index Option Adjusted Spread BAMLC0A4CBBB FRED St Louis Fed Visit our St Louis Fed Research webpage for the most current economic research data and tools related to the COVID 19 pandemic Categories Money Banking Finance Interest Rates Corporate Bonds DOWNLOAD EDIT GRAPH 1Y 5Y 10Y Max 2020 04 30 ICE BofA BBB US Corporate Mon Mar 23 2020 4 88 Index Option Adjusted Spread Mon Mar 23 2020 10 87 Mon Mar 23 2020 2 73 2019 04 30 ICE BofA BBB US Corporate Index Option Adjusted Spread ICE BofA US High Yield Index Option Adjusted Spread ICE BofA AA US Corporate Index Option Adjusted Spread 12 5 ICE BofA US High Yield Index Option Adjusted Spread 10 0 ICE BofA AA US Corporate Index Option Adjusted Spread 7 5 Percent 5 0 2 5 2020 01 2020 03 2015 2019 09 2019 11 2005 2010 0 0 2019 05 2019 07 2000 Shaded areas indicate U S recessions Source Ice Data Indices LLC fred stlouisfed org Dat a in t his graph are copyright ed Please review t he copyright informat ion in t he series not es before sharing 7 8 0 1 04 50 15 7 50 0 1 50 3 4 3 13 Account Tools Share Links NOTES ICE BofA BBB US Corporate Index Option Adjusted Spread BAMLC0A4CBBB Release ICE BofA Indices Source Ice Data Indices LLC Unit s Percent Not Seasonally Adjusted Frequency Daily Close This data represents the Option Adjusted Spread OAS of the ICE BofAML US Corporate BBB Index a subset of the ICE BofAML US Corporate Master Index tracking the performance of US dollar denominated investment grade rated corporate debt publically issued in the US domestic market This subset includes all securities w ith a given investment grade rating BBB The ICE BofAML OASs are the calculated spreads betw een a computed OAS index of all bonds in a given rating category and a spot Treasury curve An OAS index is constructed using each constituent bond s OAS w eighted by market capitalization When the last calendar day of the month takes place on the w eekend w eekend observations w ill occur as a result of month ending accrued interest adjustments The index data referenced herein is the property of ICE Data Indices LLC its affiliates ICE and or its Third Party Suppliers and has been licensed for use by the Federal Reserve Bank of St Louis ICE its affiliates and Third Party Suppliers accept no liability in connection w ith its use Copyright 2017 ICE Benchmark Administration Reprinted w ith permission Suggest ed Cit at ion Ice Data Indices LLC ICE BofA BBB US Corporate Index Option Adjusted Spread BAMLC0A4CBBB retrieved from FRED Federal Reserve Bank of St Louis https fred stlouisfed org series BAMLC0A4CBBB May 2 2020 ICE BofA US High Yield Index Option Adjusted Spread BAMLH0A0HYM2 Release ICE BofA Indices Source Ice Data Indices LLC Unit s Percent Not Seasonally Adjusted Frequency Daily Close 1 3 https fred stlouisfed org series BAMLC0A4CBBB 0 8 Senior loans 04 05 2020

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

3 5 2020 3 200 000 27 27 3 5 6 2021 022 222 6 3 5 0202 10

2017 2018 2019 2020 2008 2008 2008 19 70 80 V 11

12 8 2040 72 2040 12 90

2040 80 20 9 1 12 8 2040 79 78 70 699 2017 1 326 2040 15 25 35 15 2030 13

5 6 16 14 Middle Market 2019

Middle Market 40 000 25 Carry Back 2020 2017 2019 Sub Prime 2008 2019 2020 2021 RSM 15

60 70 16 1 2 3

www aharonoff law com 17

Sage Equities 40 150 multifamily 300 450 600 1200 300 18

30 90 95 5 100 95 19

3000 7 17 70 75 300 500 18 20 1796 cowpox vaccine vacca 1959

1966 world health assembly 1975 Variola major 2 5 Variola minor 1978 8 1980 1958 1967 21

1950 1949 1950 3 22 1951 22

1951 1 500 5 000 1950 1950 1951 1950 1959 700 23

Even Better 88 7 24 6 15

15 20 40 25

26 1 2 3 4 Power House 3

3 3 38 27

1645 14 14 12 44 28 1724

1719 1691 29

MSW 30

1962 2005 32 050 9869977

www hebpsy net 34

2011 2011 2011 2011 2011 2011 2011 2019 2017 2017 2017 2017 20172017 CoCo CoCo CoCo CoCo 12 12 12 12 44 34 34 16 16 1616 16 22 24 24 24 34 34 34 34 14 4 16 16 4 4 4 4 24 32 2011 40 2017 4 34 10 190 14 22 2011 2020 2011 2019 4 10 Private Market 12 18 32 4 23 2020 6 16 32 www bankautpratit co il www bankautpratit co il www bankautpratit co il www bankautpratit co il

077 77 83000 www bankautpratit co il trusts