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2021 | OriginalPaper | Buchkapitel

7. Diversity in Ethical Funds

verfasst von : Shaikh Masrick Hasan, Marizah Minhat

Erschienen in: Ethical Discourse in Finance

Verlag: Springer International Publishing

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Abstract

This chapter provides an overview of ethical funds, including the history, asset screening strategies, markets of ethical funds, and motives to invest in ethical funds. It identifies seven ethical fund styles that follow different asset screening strategies and tailor to specific moral and social beliefs of investors. These are ethically balanced fund, negative ethical fund, sustainability-themed fund, environmentally themed investing fund, social-themed fund, ESG integration (Plus) fund and responsible ownership fund. This chapter reviews literature relating to various aspects of ethical funds. Mixed evidence is gathered regarding the comparative performance between ethical and conventional funds. The performance of ethical funds also varies across different styles. However, empirical evidence on risk exposure of ethical funds is scant. Therefore, this chapter calls for further research relating to the risk exposure of ethical funds to enrich our understanding and enlighten investors of this important aspect of investment.

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Fußnoten
1
For example, US SIF (The Forum of Sustainable and Responsible Investment of the United States), Euro SIF (European Sustainable Investment Forum), UK SIF (UK Sustainable Investment and Finance Association) and GSIA (The Global Sustainable Investment Alliance).
 
2
The definition of ethical funds provided by PRI was retrieved on December 4, 2019 from: https://​www.​unpri.​org/​pri/​an-introduction-to-responsible-investment/​what-is-responsible-investment.
 
3
The Global Sustainable Investment Alliance (GSIA) collaborates all international organisations such as European Sustainable Investment Forum (Euro SIF), Japan Sustainable Investment Forum (JSIF), Responsible Investment Association (RIA) Australasia, RIA Canada, the UK Sustainable Investment and Finance Association (UK SIF) and the Forum for Sustainable and Responsible Investment of the US (US SIF) that work on sustainable investment strategies.
 
4
US SIF is the Forum for Sustainable and Responsible Investment, which is the leading organisation in the United States that promotes sustainable, responsible and impact investing (https://​www.​ussif.​org/​).
 
5
Euro SIF (European Sustainable Investment Forum) is the leading European association for the promotion and advancement of sustainable and responsible investment across Europe (website: http://​www.​eurosif.​org/​).
 
6
Fund EcoMarket: This is the information hub of UK-based sustainable, responsible and ethical investment. This is run by SRI Services and facilitated by UK SIF (Sustainable investment and finance association of the UK). This is the only independent company devoted entirely to advancing retail UK SRI funds. Source: https://​www.​fundecomarket.​co.​uk/​help/​sri-styles-directory (accessed on 24 March 2020).
 
8
Renneboog et al. (2008a) mentioned “Corporate Governance and social screen fund” in their study which is treated equivalent to ROF of this study due to similar screening strategies.
 
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Metadaten
Titel
Diversity in Ethical Funds
verfasst von
Shaikh Masrick Hasan
Marizah Minhat
Copyright-Jahr
2021
DOI
https://doi.org/10.1007/978-3-030-81596-7_7