Fernandez-Perez, A.Garel, A.Indriawan, I.2025-07-152025-07-152022Economics Letters, 2022; 217:110691-1-110691-50165-17651873-7374https://hdl.handle.net/2440/145939We 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.en©2022 Elsevier B.V. All rights reserved.Investor sentiment; Mutual funds; Fund flows; Sustainable investments; Risk aversionJournal article10.1016/j.econlet.2022.1106912024-05-10618821Indriawan, I. [0000-0002-6558-5551]