Welcome5 November 2015

South Region Committee

“Investment Strategies in a Low Interest Rate Environment”

with Susan HayesCulleton

Investment Strategies in a Low Interest Rate Environment

Susan HayesCulleton“The Positive Economist”

Susan Hayes, CFA

Tweet me @SusanHayes_

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Monetary Policy Landscape

Tactical Yield Techniques3

Strategic Investment Strategies

US 0.25% UK 0.5% EZ 0.5% Russia 11%

Brazil 14.25%

India6.75%

China4.35%

Japan0.1 %

Australia2.0%

CASH

DEBT

EQUITIES

PROPERTY HEDGE FUND

DERIVATIVES

COMMODITIES

PRIVATE EQUITY

Asset Specific Strategies

Source: Seeking Yield in a Low Interest Rate Environment, The Positive Economist, Nov 2015

Tactical Techniques

May 2016 Put Option $0.26 (at $47.50)

November Call Option

$0.77 (at $70)

Dividend$0.38

Month Yield (Excluding Eq Perf)Dollar Amount: $0.89Net Income % 1.3%

Source: Seeking Yield in a Low Interest Rate Environment, The Positive Economist, Nov 2015

“By going after what you truly want, you empower others to follow in your

footsteps”Susan HayesCulleton

Tweet me at @SusanHayes_

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Questions?