Socially Responsible Investment in Japanese Pensions
22 Pages Posted: 30 Jun 2006
There are 2 versions of this paper
Socially Responsible Investment in Japanese Pensions
Socially Responsible Investment in Japanese Pensions
Date Written: November 2005
Abstract
As the level of retirement-related assets has grown, so too has public and private interest in so-called Socially Responsible Investment (SRI), an investment strategy that employs criteria other than the usual financial risk and return factors when selecting firms in which to invest. This study evaluates whether SRI indexes would alter portfolio risk and return patterns for the new defined contribution pension plans currently on offer in Japan. We conclude that SRI funds can be included as an option, albeit with some cost; consequently, mandatory investment in SRI portfolios cannot reasonably be justified.
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