Capital Markets Summer 2020

I

Old Habits → New Behaviors Lasting Change

I • The coronavirus has impacted all of our lives, created new behaviors, and shifted old patterns at work and home, some portion of which will last even after the virus recedes • Many of these behaviors are investable, such as increased e-commerce, digital payments, and cloud computing driven by work and entertainment at home

II

Lifestyle Changes Since Coronavirus

III

Germany U.K.

U.S.

100%

80%

IV

60%

40%

V

20%

0%

Stayed home more

Applied social distancing

Wore protective face masks

Visited stores less

Traveled less

Shopped online more

Used less cash

Avoided public transport

Worked from home

No Change

VI

Source: Statista Survey of 2,137 respondents from Germany, the United Kingdom, and the United States, released June 2020.

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