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BofA Merrill Lynch Global Research Launches Coverage of Exchange-Traded Funds (ETFs)

October 2, 2018

NEW YORK--(BUSINESS WIRE)--Oct 2, 2018--BofA Merrill Lynch Global Research today announced it has commenced research coverage of exchange-traded funds (ETFs). The firm will initially cover more than 100 U.S. large, mid-cap and sector ETFs based on an innovative and proprietary rating methodology developed to provide additional value to the firm’s institutional and wealth management clients.

“We have actively supported a yearslong effort to allow broker dealers’ research departments to begin covering ETFs as we felt strongly it would serve the best interests of our clients,” said Candace Browning, head of BofA Merrill Lynch Global Research. “As the number of ETFs and inflows continue to grow, we are confident our clients will find value in the ETF team’s insights.”

Mary Ann Bartels, head of Exchange-Traded Fund (ETF) Strategy for BofA Merrill Lynch Global Research, leads the coverage team. With more than 25 years of investment experience in both research and wealth management, Bartels is known for high-quality portfolio strategy and research. She was an Institutional Investor All-America Research-ranked analyst from 2006 through 2011, and is highly regarded for developing proprietary models for equity pairs trading and for her sector, industry and stock selection.

BofA Merrill Lynch Global Research The BofA Merrill Lynch Global Research franchise covers almost 3,050 stocks and nearly 1,000 credits globally and ranks in the top tier in many external surveys. Most recently, the group was named No. 2 Global Research Firm of 2017 by Institutional Investor magazine; No. 1 in the Institutional Investor 2018 Emerging EMEA survey; No. 2 in the 2018 All-Europe Fixed Income survey; No. 2 in the 2018 All-America Fixed Income survey; No. 3 in the 2018 Institutional Investor All-Europe survey; No. 3 in the 2018 Institutional Investor All-Asia survey; and No. 2 in the 2017 Institutional Investor All-America survey. For more information about any awards cited, visit https://go.bofa.com/awards.

Bank of America Bank of America is one of the world’s leading financial institutions, serving individual consumers, small and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. The company provides unmatched convenience in the United States, serving approximately 67 million consumer and small business clients with approximately 4,400 retail financial centers, including more than 1,700 lending centers, more than 1,900 Merrill Edge investment centers and more than 1,300 business centers; approximately 16,100 ATMs; and award-winning digital banking with more than 36 million active users, including 25 million mobile users. Bank of America is a global leader in wealth management, corporate and investment banking and trading across a broad range of asset classes, serving corporations, governments, institutions and individuals around the world. Bank of America offers industry-leading support to approximately 3 million small business owners through a suite of innovative, easy-to-use online products and services. The company serves clients through operations across the United States, its territories and more than 35 countries. Bank of America Corporation stock (NYSE: BAC) is listed on the New York Stock Exchange.

“Bank of America Merrill Lynch” is the marketing name for the global banking and global markets businesses of Bank of America Corporation. Lending, derivatives, and other commercial banking activities are performed globally by banking affiliates of Bank of America Corporation, including Bank of America, N.A., member FDIC. Securities, strategic advisory, and other investment banking activities are performed globally by investment banking affiliates of Bank of America Corporation (“Investment Banking Affiliates”), including, in the United States, Merrill Lynch, Pierce, Fenner & Smith Incorporated and Merrill Lynch Professional Clearing Corp., both of which are registered broker-dealers and members of SIPC, and, in other jurisdictions, by locally registered entities. Merrill Lynch, Pierce, Fenner & Smith Incorporated and Merrill Lynch Professional Clearing Corp. are registered as futures commission merchants with the CFTC and are members of the NFA. Investment products offered by Investment Banking Affiliates: Are Not FDIC Insured * May Lose Value * Are Not Bank Guaranteed. ©2018 Bank of America Corporation.

For more Bank of America news, including dividend announcements and other important information, visit the Bank of America newsroom. Click here to register for news email alerts.

View source version on businesswire.com:https://www.businesswire.com/news/home/20181002006074/en/

CONTACT: Reporters May Contact:

Selena Morris, Bank of America, 1.646.855.3186

selena.morris@bankofamerica.com

Melissa Anchan, Bank of America, 1.646.532.9241

melissa.anchan@bankofamerica.com

KEYWORD: UNITED STATES NORTH AMERICA NEW YORK

INDUSTRY KEYWORD: PROFESSIONAL SERVICES BANKING FINANCE

SOURCE: Bank of America

Copyright Business Wire 2018.

PUB: 10/02/2018 04:30 PM/DISC: 10/02/2018 04:30 PM

http://www.businesswire.com/news/home/20181002006074/en

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