Centro de Documentación de Fundación MAPFRE - How ESG investing has impacted the asset pricing in the equity market : research & macro strategy

Publicación: London [etc.] : Amundi Asset Management, 2019Descripción física: 36 p.Serie: (Discussion paper. Cross asset investment strategy ; DP-36-2018)Notas: Sumario: ESG investing has gained considerable traction over the past few years and, alongside smart beta, factor investing and alternative risk premia, is one of the current hot topics for the asset management industry. Nevertheless, even though large institutions such as insurance companies, pension funds and sovereign wealth funds have invested significantly in ESG strategies over recent years and we are observing a substantial and increasing interest from other investors such as wealth management or retail investors, the question of performance remains a controversial issue and a puzzle for the financial community. Indeed, academic findings have been mixed and have revealed a U-shape pricing of stocks in the equity market, meaning that both best-inclass and worst-in-class ESG stocks have been rewarded by the equity market in the pastMateria / lugar / evento: Inversiones socialmente responsables Cambio climático Fondos éticos Productos financieros Estrategia de crecimiento Mercados financieros Criterios ESG Otros autores: Bennani, Leila
Amundi Asset Management
Serie secundaria: Discussion Paper ; DP-36-2018 Otras clasificaciones: 921.94