Update: Robeco latest firm to exclude tobacco investments

Implemented end of Q3 2018

Robeco has joined BNP Paribas Asset Management (BNPP AM) in excluding investments into the tobacco industry from its mutual fund range.

The exclusion will apply to all of the firm's mainstream funds, including sub-advised funds but it will not extend to client-specific funds and mandates. The firm said the process, which already applies to its sustainable fund range, would be completed by the end of Q3 this year. Peter Ferket, head of investments at Robeco, said: "Robeco has been at the forefront of sustainable investing since the 1990s and sees sustainability as the long-term force for change in markets, countries and companies. "Given the significant international concerns about the risks posed by tobacco and in ...