Analyzing the Performance of ESG Factors in a Mixed Asset setting
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|Title:||Analyzing the Performance of ESG Factors in a Mixed Asset setting||Authors:||Hoepner, Andreas||Permanent link:||http://hdl.handle.net/10197/10605||Date:||2-Oct-2018||Online since:||2019-05-22T09:49:56Z||Abstract:||Analyzing ESG factor impacts is commonplace for equity portfolios but much less common in fixed income. This article describes the results of research done using financial data science analysis, which integrates environmental, social, and governance (ESG) issues into a mixed asset universe in which equity and fixed-income securities are examined in one analytical setting. I differentiate “mixed assets” from “multi-asset,” because the latter builds asset class portfolios and then integrates them during the asset allocation process, whereas the former analyzes securities or various asset classes in one (mixed) analytical setting. In other words, multi-asset approaches usually involve at least three steps: a security selection process in the first asset class, another security selection process in the second asset class, and an asset allocation process between asset classes. Mixed assets, in contrast, combine security selection and asset allocation in one step, which implies that they require more statistical expertise to design but are more resource efficient to implement once developed.||Type of material:||Book Chapter||Publisher:||CFA Institute Research Foundation||Series/Report no.:||Research Foundation Books 25 October 2018 Volume 4 Issue 7||Copyright (published version):||2018 The CFA Institute Research Foundation||Keywords:||Assets; Mixed assets; Environmental, social and governance (ESG) factors; Equity; Investment portfolio; Investors||Other versions:||http://www.cfainstitute.org/en/research/foundation/2018/mainstreaming-sustainable-investing||Language:||en||Status of Item:||Not peer reviewed||Is part of:||Greis, M.J. (ed.). Mainstreaming Sustainable Investing||ISBN:||978-1-944960-63-6|
|Appears in Collections:||Business Research Collection|
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