Massive and Expanding Market- ESG-  
 based assets are projected to  
 exceed $53  trillion by 2025 representing  
 more than a third of the $140.5
 trillion in estimated  total AUM. Impact  
 investing growing rapidly with  
 AUM increasing from $502 billion    
 in 2019  to $715 billion in 2020 REF Global  
 Impact Investing Network [GIIN]

Shifting and Increasing Demand- according to MSCI 85% of individual investors reported interest in sustainable investing as of 2019, up 10% from 2017. A growing number of asset owners will expect their financial professional to incorporate ESG factors when making investment recommendations. They will also demand more investment options that allow them to align their money in-line with their values.

Growing and Diversified Supply – BlackRock projection in 2018, the global AUM in sustainable mutual funds and ETFs, were expected to reach $1.8 trillion by 2028. This growth in mutual and ETFs, primarily retail investor vehicles, underscores the migration of interest from a niche to institutional investors to the broad market.