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Corrections

Correction

This article refers to:
Reinventing climate investing: building equity portfolios for climate risk mitigation and adaptation

Article title: Reinventing climate investing: building equity portfolios for climate risk mitigation and adaptation

Authors: Bender, J., Bridges, T. A., & Shah, K.

Journal: Journal of Sustainable Finance & Investment

DOI: http://dx.doi.org/10.1080/20430795.2019.1579512

Since publication of the above article we have been notified by the Author that the following sections have been omitted from the submitted version of the manuscript. These sections have now been included in both the online and print versions.

Important Risk Disclosures

The information provided does not constitute investment advice and it should not be relied on as such. It should not be considered a solicitation to buy or an offer to sell a security. It does not take into account any investor’s particular investment objectives, strategies, tax status or investment horizon. You should consult your tax and financial advisor. All material has been obtained from sources believed to be reliable. There is no representation or warranty as to the accuracy of the information and State Street shall have no liability for decisions based on such information.

The views expressed in this material are the views of the authors through 15 December 2018 and are subject to change based on market and other conditions. This document contains certain statements that may be deemed forward-looking statements. Please note that any such statements are not guarantees of any future performance and actual results or developments may differ materially from those projected.

Performances shown are NOT indicative of the performance of any product managed by SSGA

Investing involves risk including the risk of loss of principal.

A Smart Beta strategy does not seek to replicate the performance of a specified cap-weighted index and as such may underperform such an index. The factors to which a Smart Beta strategy seeks to deliver exposure may themselves undergo cyclical performance. As such, a Smart Beta 36 strategy may underperform the market or other Smart Beta strategies exposed to similar or other targeted factors. In fact, we believe that factor premia accrue over the long term (5–10 years), and investors must keep that long time horizon in mind when investing. While diversification does not ensure a profit or guarantee against loss, investors in Smart Beta may diversify across a mix of factors to address cyclical changes in factor performance. However, factors may have high or increasing correlation to each other.

The whole or any part of this work may not be reproduced, copied or transmitted or any of its contents disclosed to third parties without SSGA’s express written consent.

Backtested performance is not indicative of the past or future performance of any SSGA offering. The portion of results through the dates shown in the paper represents backtests of SSGA models which integrate ESG into equity portfolios using optimization based portfolio construction methods, which means that those results were achieved by means of the retroactive application of the model which was developed with the benefit of hindsight. All data shown above does not represent the results of actual trading, and in fact, actual results could differ substantially, and there is the potential for loss as well as profit. The performance does not reflect management fees, transaction costs, and other fees and expenses a client would have to pay, which reduce returns.

© 2019 State Street Corporation—All Rights Reserved.

2405914.1.1.GBL.INST

Expiration date 1/31/2020

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