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 1/7/22 unless otherwise noted and are subject to change.
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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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