AMWatch

Top ESG fund with 131 percent gain buys more Asia renewable stocks

A top-performing environmental fund is buying more Asian stocks as governments in the region become more climate conscious and embrace renewable energy.

The BNP Paribas Energy Transition fund’s Asia allocation has increased to 18 percent from 11 percent in September, co-manager Ulrik Fugmann said in an interview. | Photo: PR / BNP Paribas AM

The BNP Paribas Energy Transition fund’s Asia allocation has increased to 18 percent from 11 percent in September, co-manager Ulrik Fugmann said in an interview. The fund, which has climbed 131 percent this year to beat most peers in the environmental, social and governance category, is exploring investments in China, Hong Kong, India and South Korea.

The region has seen growing awareness of climate change with China, Japan and South Korea earlier this year committing to achieving net-zero emissions in the coming decades. Regional companies have also pulled ahead of North American counterparts in climate-risk reporting as Asia’s sustainable funds gather record inflows.

Read the whole article

Get 14 days free access.
No credit card required.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from AMWatch

Further reading

Related articles

Latest news

Jobs

Latest news from FinansWatch (dk)

Latest news from EnergyWatch

Latest news from ShippingWatch