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Wednesday, May 1, 2024

No Returns Investment Fund Will Fight Trafficking and Exploitation

Investing

In a world first, a fund launches where investors get no return, the management company no fees and the government no tax. Instead, all the money from Nikko AM’s Freedom fund goes to prevent sexual exploitation and forced labour in the Asia Pacific.

In October 2019, in that far-ago pre-Covid time, Nikko Asset Management managing director George Carter attended an event. A lot of people gathered in a room. You may remember, it was a thing we did.

The event was a gala fundraising dinner organised by not-for-profit Tearfund NZ, and the speaker was a young Thai lawyer named Wiliyasinee Rinya. Her colleagues call her Pik.

Pik works for an…

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