Twice a year, The Boston Company Asset Management’s Small Cap Growth Team holds an intensive offsite review of the worldwide investment landscape. Through this process, the team identifies distinctive investment themes that they believe will influence the investing climate over the next year or longer. While the team focuses on the mid- and small-cap growth equity asset class, we believe that these themes are valuable for any investor regardless of capitalization or style. We hope you find them of value in considering your investment opportunities. The themes are:

1. The Aging Developed World and the Younger Developing World
2. Decelerating Productivity Growth in the U.S.
3. A Commodity Supercycle
4. The Liquidity Squeeze is On
5. The Global Infrastructure Boom
6. A More Activist Government
7. Ethnic Diversity in the U.S.
8. The Rise of Digital Media and the Internet

For more information or a hard copy please contact, please contact David Zigas at 617 248-6202.

The preceding information is based upon the analysis of historical performance of various asset classes and assumptions with respect to future economic conditions. Past performance is not an indication of future results. This information is not intended to provide specific advice, recommendations or projected returns of any particular BNY Mellon Asset Management  product.