The recent drop in oil prices exacerbated market anxieties around commodity supply and geopolitical shocks. And a paper published by a group of Italian researchers suggests that air pollution might be exacerbating the COVID-19 pandemic. Moving to a more sustainable, cleaner and more circular economy is a goal relevant to both health and security, as well as being an environmental consideration.

We believe sustainability will be one of the defining movements of the decade, as the world’s governments and companies seek to move toward the UN 2030 Sustainable Development Goals. Sustainability is about ensuring that we make the most efficient and least damaging use of the Earth’s resources so that we can satisfy our basic human needs—food, water and clean air. The reality of today is that our production and consumption of food and water are not as efficient as they could be, and our air is far from clean. Over 800 million people around the globe are undernourished, and an estimated 2 billion people experience moderate or severe food insecurity. According to the World Health Organization, only 20% of the population in 4,300 cities worldwide breathes clean air.

That means there is opportunity as we seek to patch gaps between supply and demand, and improve our outcomes. The good news is that the world is focused on addressing these challenges, and many companies—large and small, public and private—are hard at work.

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Any views, strategies or products discussed in this video may not be appropriate for all individuals and are subject to risks. Investors may get back less than they invested, and past performance is not a reliable indicator of future results. Asset allocation/diversification does not guarantee a profit or protect against loss. Nothing in this video should be relied upon in isolation for the purpose of making an investment decision. You are urged to consider carefully whether the services, products, asset classes (e.g. equities, fixed income, alternative investments, commodities, etc.) or strategies discussed are suitable to your needs. You must also consider the objectives, risks, charges, and expenses associated with an investment service, product or strategy prior to making an investment decision.  For this and more complete information, including discussion of your goals/situation, contact your J.P. Morgan representative.

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Conflicts of interest will arise whenever JPMorgan Chase Bank, N.A. or any of its affiliates (together, “J.P. Morgan”) have an actual or perceived economic or other incentive in its management of our clients’ portfolios to act in a way that benefits J.P. Morgan. Conflicts will result, for example (to the extent the following activities are permitted in your account): (1) when J.P. Morgan invests in an investment product, such as a mutual fund, structured product, separately managed account or hedge fund issued or managed by JPMorgan Chase Bank, N.A. or an affiliate, such as J.P. Morgan Investment Management Inc.; (2) when a J.P. Morgan entity obtains services, including trade execution and trade clearing, from an affiliate; (3) when J.P. Morgan receives payment as a result of purchasing an investment product for a client’s account; or (4) when J.P. Morgan receives payment for providing services (including shareholder servicing, recordkeeping or custody) with respect to investment products purchased for a client’s portfolio. Other conflicts will result because of relationships that J.P. Morgan has with other clients or when J.P. Morgan acts for its own account.

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As a general matter, we prefer J.P. Morgan managed strategies. We expect the proportion of J.P. Morgan managed strategies will be high (in fact, up to 100 percent) in strategies such as, for example, cash and high-quality fixed income, subject to applicable law and any account-specific considerations.

While our internally managed strategies generally align well with our forward-looking views, and we are familiar with the investment processes as well as the risk and compliance philosophy of the firm, it is important to note that J.P. Morgan receives more overall fees when internally managed strategies are included. We offer the option of choosing to exclude J.P. Morgan managed strategies (other than cash and liquidity products) in certain portfolios.

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