1 BofA Global Research
2 Bloomberg New Energy Finance (BNEF)
3 IEA (International Energy Agency)
4 Moody’s Analytics, BofA Global Research
6 BofA Global Research
9 United Nations FAO, World Economic Forum
Opinions are as of 01/07/2022 and are subject to change.
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Investments have varying degrees of risk. Some of the risks involved with equity securities include the possibility that the value of the stocks may fluctuate in response to events specific to the companies or markets, as well as economic, political or social events in the U.S. or abroad. Bonds are subject to interest rate, inflation and credit risks. Investments in a certain industry or sector may pose additional risk due to lack of diversification and sector concentration.
Impact investing and/or Environmental, Social and Governance (ESG) managers may take into consideration factors beyond traditional financial information to select securities, which could result in relative investment performance deviating from other strategies or broad market benchmarks, depending on whether such sectors or investments are in or out of favor in the market. Further, ESG strategies may rely on certain values based criteria to eliminate exposures found in similar strategies or broad market benchmarks, which could also result in relative investment performance deviating.
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