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BNPP AM launches social inclusion growth fund Feb 23, 2021 By Funds Europe
BNP Paribas Asset Management has restructured its Human Development fund and changed its investment strategy to focus on “inclusive growth”.
The thematic fund will invest in companies that perform well on social themes like income inequality, education, gender, ethnicity, geographic origin, age and disability.
According to the firm, the renamed BNP Paribas Inclusive Growth fund will base its investment strategy on an ‘inclusion score’, rating companies on how they perform on these social themes.
Equality and inclusive growth combine to form an “essential” component of companies ESG scores, the firm said, adding that Covid-19 had highlighted the social aspect of responsible investing.