Smoking kills. For many money managers, tobacco avoidance is the preserve of so-called SRI funds — that is socially responsible investment. When it comes to mainstream investment it is generally a case of anything goes. So BNP Paribas Asset Management’s announcement of a tobacco exclusion policy yesterday could turn some heads; some of the UK’s largest companies make their money from selling it. BNP, a French bank whose investment arm has more than €500 million of assets under management, is not the first…

Source: The Times March 02, 2018 00:04 UTC