Bank Julius Baer & Co. Ltd.

P.O. Box

Bahnhofstrasse 36

CH - 8010 Zürich

+41 (0) 58 888 1111

1950 - 2015

Or why everybody is better off.

Change in eight Subcomponents since 2000

Or why it is getting ever more expensive to keep up with the Jones

The cost of trying to outsmart the market as an active investor