The most strategic countries/markets as sources of new or increased investment in the next ifve years 2013 2015 2017 2019 l l l l Considering that geopolitical issues are the In fact, the respondents’ impression of all top concern of respondents globally, it is not international financial centers as strategic surprising to see respondents globally focused for capital raising has been falling since the 90.4% 91.3% less on the leading international financial 2013 Survey, with the steepest decline in centers, e.g., the U.S. (76.7% vs 80.1% in 2017) consideration for Germany (-62.7%), Japan 80.1% 78.0% and the UK (50.4% vs 57.6% in 2017), as areas (-52.1%) and Singapore (-46.0%). 76.7% 75.8% of focus for investment over the next five years. 57.6% 50.4% 50.4% 44.8% 41.4% 43.8% 37.2% 38.9% 36.6% 40.4% 26.0% 24.2% 28.7% 27.6% 18.5% 16.8% 21.0% 13.9% UNITED STATES UNITED KINGDOM GERMANY CHINA HONG KONG JAPAN 50.4% 43.7% 27.0% 25.8% 18.2% 18.1% 27.2% 15.2% 11.9% 11.7% 14.9% 13.3% 10.9% 9.6% BRAZIL INDIA SINGAPORE AUSTRALIA* * Australia was added as an answer option in the 2017 Survey. 25