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BNP Paribas AM rebrands fund to 'Inclusive Growth'

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.

'IG corporate bonds will remain more attractive than govvies'

Investment grade corporate bonds remain more attractive than core European government bonds, which are bound to deliver negative returns of 3-5% in the coming years, according to  Lion Trust Asset Management’s Head of Fixed Income David Roberts.

In an interview with Investment Officer, Roberts notes fixed income portfolios have become particularly sensitive to interest rates over the past decade due to a sharp increase in duration.

Luxembourg and the post-Covid tax tussle

That a global minimum corporate tax rate is being perused by the Biden administration is a revolution. Yet it raises questions about whether this desire can be translated into effective policy. Moreover, it is unclear what would be the impact on the attractiveness of places like Luxembourg as a hub for multinationals.

‘Japan value rally is already over’

Optimism about an imminent end to the coronavirus lockdowns and the announcement of substantial financial support packages has boosted value stocks worldwide, and Japan has been no exception. But in the land of the rising sun, the value rally already seems to have run out of steam. Richard Kaye, manager of the Comgest Growth Japan fund, knows why.