Key facts
- BNP Paribas Asset Management fund outperformed 97% of peers in the past year.
- The fund is now investing in small-modular-reactor (SMR) stocks.
- The fund previously viewed SMRs as a non-viable investment.
A fund managed by BNP Paribas Asset Management has achieved a remarkable performance, outperforming 97% of its peer funds over the last year. Despite this success, the fund is now shifting its investment strategy to include stocks related to small-modular reactors (SMRs). This move is particularly noteworthy as the fund previously held a stance against investing in SMRs, deeming them a 'non-viable' investment option. The change in strategy suggests a reassessment of the sector's potential and future prospects.