Finance
Asia’s Climate Stocks Primed for Rebound, Money Managers Say
- Global summit presents buying opportunity: BNP Paribas Asset
- Asia’s environment-linked stocks have lagged broader market
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The global climate summit could prove to be a catalyst for a rebound in Asia’s environment-related stocks, which have been underperforming the broader market this year.
Aberdeen Standard Investments Ltd., BNP Paribas Asset Management and Pictet Asset Management are among funds suggesting the summit’s outcome can spark a green rally, after it brought the U.S. back into the global conversation on climate change and spurred new emissions-linked targets from the likes of China, Japan and South Korea.