In the mood for sustainable funds?

Adrian Fernandez-Perez, Alexandre Garel and Ivan Indriawan

Economics Letters, 2022, vol. 217, issue C

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 (search for similar items in EconPapers)
JEL-codes: G11 G15 G23 (search for similar items in EconPapers)
Date: 2022
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:217:y:2022:i:c:s0165176522002348

DOI: 10.1016/j.econlet.2022.110691

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