How SRI Funds Go Green? The Role of Investment Styles and Experience of Fund Managers
This paper explores how European SRI funds could go green between 2015 and 2021. For that purpose, we assess and then cluster the green performance of their portfolios using k-means.Overall, our results reveal that greening SRI funds depends on manager experience in SRI and market timing abilities. We show that such greening relies on lower diversification but also on outweighing (resp. underweighting) green (resp. fossil fuel) stocks especially since the advent of Covid-19 and specific regulation. We also find that the more (resp. less) the manager is experienced in SRI (resp. mutual fund) industry, the greener the fund is
Year of publication: |
2023
|
---|---|
Authors: | Mercadier, Mathieu ; Rannou, Yves ; Boutabba, Mohamed Amine ; Chen, Jinzhao |
Publisher: |
[S.l.] : SSRN |
Saved in:
freely available
Saved in favorites
Similar items by person
-
How green are SRI labelled funds? Insights from a Machine Learning based clustering approach
Rannou, Yves, (2022)
-
How Can Sri Labels Be Reinvented in Europe? Evidence from the French Sri Label
Rannou, Yves, (2022)
-
Rannou, Yves, (2021)
- More ...