Japan is lagging Europe and the West in terms of SRI initiatives. But this is set to change thanks to government intervention, writes Tokio Marine's Kenichi Kubo
The start of Japanese SRI markets dates back 10 years to the launch of the first SRI fund for individual investors. The number of offerings is steadily increasing and approximately 80 funds falling under the broad definition of SRI, including ecology funds, are currently offered in the market. The total assets in these funds are only ¥500bn, and even coupled with assets in these strategies from corporate pension funds, is less than ¥1trn. Why is Japan lagging Europe in terms of SRI initiatives? There are three reasons the Japanese SRI market has been growing slowly compared to Europe. ...
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