Download This PaperIn the mood for sustainable funds?
16 Pages Posted: 3 May 2022
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In the mood for sustainable funds?
Number of pages: 16
Posted: 03 May 2022
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In the Mood for Sustainable Funds?
Number of pages: 16
Posted: 30 Apr 2022
Last Revised: 23 Jul 2022
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63
Date Written: April 27, 2022
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.
Keywords: Investor sentiment, Mutual funds, Fund flows, Sustainable investments, Risk aversion
JEL Classification: G11, G15, G23
Suggested Citation: Suggested Citation
Fernandez-Perez, Adrian and Garel, Alexandre and Indriawan, Ivan, In the mood for sustainable funds? (April 27, 2022). Available at SSRN: https://ssrn.com/abstract=4095187 or http://dx.doi.org/10.2139/ssrn.4095187
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