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Impact Investing: Exploring Issues of Investor Demand and Fund Performance

Ridwan, Mochamad LU (2016) NEKN02 20161
Department of Economics
Abstract
This thesis presents the results of an evaluation of the performance and determinants of fund flows for selected Impact Investing and Socially Responsible Investing portfolios of funds. The impact of current and past measures of monthly and annual financial return are considered from the perspective of potential investors. The results show that Impact Investing funds out-performed general market valuation in the time period under study. For the Impact Investing portfolio, funds flows are less sensitive to return than the similar SRI fund flows. Impact Investing funds are marketed as committed to deliver financial returns with responsibility (ESG impact) and do so as shown by the positive alpha and beta greater than one results for fund... (More)
This thesis presents the results of an evaluation of the performance and determinants of fund flows for selected Impact Investing and Socially Responsible Investing portfolios of funds. The impact of current and past measures of monthly and annual financial return are considered from the perspective of potential investors. The results show that Impact Investing funds out-performed general market valuation in the time period under study. For the Impact Investing portfolio, funds flows are less sensitive to return than the similar SRI fund flows. Impact Investing funds are marketed as committed to deliver financial returns with responsibility (ESG impact) and do so as shown by the positive alpha and beta greater than one results for fund flow. Overall, the results of the analyses reflect that Impact Investments are delivering value to, and meeting the expectations of, “Impact First Investors” particularly younger and new investors which suggest that there is growth potential going forward for Impact Investing portfolios. (Less)
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author
Ridwan, Mochamad LU
supervisor
organization
course
NEKN02 20161
year
type
H1 - Master's Degree (One Year)
subject
keywords
ESG, Impact Investing, Public Equity, Responsible Investment
language
English
id
8879920
date added to LUP
2016-06-13 14:08:34
date last changed
2016-06-13 14:08:34
@misc{8879920,
  abstract     = {This thesis presents the results of an evaluation of the performance and determinants of fund flows for selected Impact Investing and Socially Responsible Investing portfolios of funds. The impact of current and past measures of monthly and annual financial return are considered from the perspective of potential investors. The results show that Impact Investing funds out-performed general market valuation in the time period under study. For the Impact Investing portfolio, funds flows are less sensitive to return than the similar SRI fund flows. Impact Investing funds are marketed as committed to deliver financial returns with responsibility (ESG impact) and do so as shown by the positive alpha and beta greater than one results for fund flow. Overall, the results of the analyses reflect that Impact Investments are delivering value to, and meeting the expectations of, “Impact First Investors” particularly younger and new investors which suggest that there is growth potential going forward for Impact Investing portfolios.},
  author       = {Ridwan, Mochamad},
  keyword      = {ESG,Impact Investing,Public Equity,Responsible Investment},
  language     = {eng},
  note         = {Student Paper},
  title        = {Impact Investing: Exploring Issues of Investor Demand and Fund Performance},
  year         = {2016},
}