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Table 10: Statistics on implied, realised, skew and term structure for 3-month and 12-month vols (emerging markets) 10-day realised 12M - 3M term vol spread EEM US IBOV RDXUSD TOP40 EEM US IBOV RDXUSD TOP40 Current Level 104% 13.2% 18.5% 11.0% 24% 18% 1.1% 2.3% %tile (2yr) 42% 3.4% 5.3% 16.6% 74.1% 98.3% 88.1% 90.0% 1Wk Change -0.5% 2.4% 6.2% 2.3% 0.1% 0.1% 0.3% 0.1% 1Mth Change -31.3% -15.2% 8.8% -19.6% 15% 1.1% 0.5% 1.3% Cash index Current Level 36.62 57,661.14 1,090.44 45 385.74 1Wk Change 1.15% 0.62% 1.72% -1.16% 1Mth Change 7.86% 11.22% 144% 0.12% Source: BofA Merrill Lynch Global Research . stv ned Bankot America 22 Global Equity Volatility Insights | 09 August 2016 Merrill Lynch HOUSE_OVERSIGHT_025999