| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP16477 |
| DP16477 Mutual Fund Trading and ESG Stock Resilience During the COVID-19 Stock Market Crash | |
| Rui Albuquerque; Yrjo Koskinen; Raffaele Santioni | |
| 发表日期 | 2022-02-14 |
| 出版年 | 2022 |
| 语种 | 英语 |
| 摘要 | Using proprietary monthly holdings data from Morningstar, we show that Envi- ronmental, Social, and Governance funds’ trading during the COVID-19 market crash was consistent with catering to their clientele. Thus, ESG funds helped to stabilize the market for ESG stocks, but interestingly non-ESG funds did that as well. First, all funds experiencing inflows helped to stabilize the market during the crash by increasing net purchases per dollar of inflows. This behavior was more pronounced for ESG funds. Second, non-ESG funds experiencing outflows increased their net sales per dollar of outflow for non-ESG stocks, tilting their portfolios towards ESG stocks. |
| 主题 | Financial Economics |
| 关键词 | Environmentalandsocialresponsibility Clientelee↵ects Fund flows Investor horizon Stock market crash |
| URL | https://cepr.org/publications/dp16477-1 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/545982 |
| 推荐引用方式 GB/T 7714 | Rui Albuquerque,Yrjo Koskinen,Raffaele Santioni. DP16477 Mutual Fund Trading and ESG Stock Resilience During the COVID-19 Stock Market Crash. 2022. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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