Asia¡¯s best-performing environmental fund has increased exposure to Japan as it expects the nation¡¯s technology sector to prove increasingly pivotal in solving the artificial intelligence?industry¡¯s surging power demands.
The BNP Paribas Green Tigers Fund has returned 34% year-to-date, fueled by bets on Japanese equities that sit at the core of its stock-selection strategy, said Oscar Yang, senior portfolio manager at Impax Asset Management. The $208 million portfolio was the top-performing ¡°dark green¡± strategy, the EU¡¯s highest sustainability classification, in Asia through June 30, Bloomberg-compiled data show.
¡°A lot of the Japanese companies are so unique and they¡¯re to some extent almost at a monopoly position,¡± Yang said. ¡°If you cut Japanese companies¡¯ products out of your supply chain, you just basically can¡¯t operate, especially for leading-edge capacity.¡±
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