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Investing involves risks including the possible loss of principal. Equity securities are more volatile than bonds and subject to greater risks. Fixed income is subject to credit and interest rate risks. Companies within the infrastructure industry are subject to a variety of factors that may adversely affect their business or operations. Investments in foreign markets entail special risks such as currency, political, economic, and market risks. The risks of investing in emerging markets are greater than the risks generally associated with foreign investments.
Forecasts and/or estimates provided herein are subject to change and may not actually come to pass. Information regarding expected market returns and market outlooks is based on the research, analysis and opinions of the authors. These conclusions are speculative in nature, may not come to pass and are not intended to predict the future performance of any specific Morgan Stanley Investment Management product.
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