January 6, 2020
January 6, 2020
IN THIS ISSUE
All data, projections and opinions are as of the date of this
report and subject to change.
This material was prepared by the Chief Investment Office (CIO) and
is not a publication of BofA Global Research. The views expressed are
those of the CIO only and are subject to change. This information
should not be construed as investment advice. It is presented for
information purposes only and is not intended to be either a specific
offer by any Merrill or Bank of America entity to sell or provide, or
a specific invitation for a consumer to apply for, any particular
retail financial product or service that may be available.
Global Wealth & Investment Management (GWIM) is a division of
Bank of America Corporation. The Chief Investment Office, which
provides investment strategies, due diligence, portfolio construction
guidance and wealth management solutions for GWIM clients, is part of
the Investment Solutions Group (ISG) of GWIM.
Investing involves risk, including the possible loss of principal.
Past performance is no guarantee of future results.
All recommendations must be considered in the context of an
individual investor’s goals, time horizon, liquidity needs and risk
tolerance. Not all recommendations will be suitable for all
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. Investments in foreign securities involve special
risks, including foreign currency risk and the possibility of
substantial volatility due to adverse political, economic or other
developments. These risks are magnified for investments made in
emerging markets. Investments in a certain industry or sector may pose
additional risk due to lack of diversification and sector
Bank of America, Merrill, their affiliates and advisors do not
provide legal, tax or accounting advice. You should consult your
legal and/or tax advisors before making any financial decisions.
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