In the mood for sustainable funds?
Date
2022
Authors
Fernandez-Perez, A.
Garel, A.
Indriawan, I.
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Journal article
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Economics Letters, 2022; 217:110691-1-110691-5
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Adrian Fernandez-Perez, Alexandre Garel, Ivan Indriawan
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Abstract
We examine the relationship between investor mood and the demand for sustainable investments, proxied by inflows to sustainable mutual funds. We find that a worse mood is associated with greater inflows to sustainable funds. This finding is consistent with greater risk aversion pushing investors to favor sustainable funds that they perceive as less risky.
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©2022 Elsevier B.V. All rights reserved.