Technology
Top Environmental Fund Sees Japan Key to AI Energy Challenge
Key Points
Top Environmental Fund Sees Japan Key to AI Energy Challenge 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...
Top Environmental Fund Sees Japan Key to AI Energy Challenge
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.