inequality

In the run-up to the Japanese elections later this month, Prime Minister Fumio Kishida has promised to discontinue “Abenomics”. According to him, the economic programme has not led to broader growth. Lodewijk van der Kroft, managing director at Comgest, said investors need not worry about such statements. “This is election rhetoric for the stage, Abenomics will not be thrown out with the rubbish.”

BNP Paribas Asset Management has rebranded its Human Development Fund to the BNP Paribas Inclusive Growth Fund. The revamped fund focuses on reducing social inequalities, investing in around fifty stocks with a high social impact.

‘This theme of equality and inclusive growth is often perceived as being relatively secondary to other sustainable factors,’ notes Delphine Riou, ESG Analyst at BNP Paribas Asset Management.