This article considers the appropriate application of the United Nations Guiding Principles on Business and Human Rights (UNGP) to the mutual funds industry. Mutual funds can impact human rights by financially supporting oppressive states or abusive companies. Given the indirect nature of such impacts, along with the exclusively external management of the funds, this article argues that a unique approach to implementing the UNGP is necessary for this industry. Divided into five parts, the article outlines the governance structure of mutual funds and the expectations on states and businesses in the UNGP, before assessing the appropriateness of applying current guidance for banks and other financial actors to mutual funds. The article concludes with practical recommendations for both fund managers and states on the implementation of the UNGP in this industry.

中文翻译：

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共同基金业与人权保护

本文考虑了联合国商业与人权指导原则 (UNGP) 对共同基金行业的适当应用。共同基金可以通过财政支持压迫性国家或滥用权力的公司来影响人权。鉴于此类影响的间接性质，以及资金的完全外部管理，本文认为该行业需要采用独特的方法来实施 UNGP。本文分为五个部分，概述了共同基金的治理结构以及 UNGP 中对国家和企业的期望，然后评估了将银行和其他金融参与者的当前指南应用于共同基金的适当性。