Scientific Beta survey shows that most investors do not believe in ESG outperformance GlobeNewswireScientific Beta survey shows that most investors do not believe in ESG outperformance GlobeNewswireScientific Beta survey shows that most investors do not believe in ESG outperformance GlobeNewswire
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Press Release – Boston. London, Nice. Paris, Singapore. Tokyo, November 9, 2021. Scientific Beta conducted a survey to gather market participants’ opinions on its recent whitepaper ‘Honey,I Shrunk ESG Alpha’: Risk-Adjusting ESG portfolio Returns. The survey was conducted by Scientific Beta and included responses from professionals in various roles, including portfolio manager, chief investor officer, director of investment strategy, director of risk-adjusting ESG portfolio returns, ESG analyst, research analyst, ESG analyst, ESG research, ESG research, ESG research, ESG research, and ESG analyst, & research analyst, bank, US$7. This survey was completed by institutional investors, asset managers and wealth managers who manage assets worth USD3.3 trillion, US645bn USD4.1 trillion USD179bn, US7.7bn and USD7.7bn, respectively. The whitepaper challenges the belief that ESG strategies are outperforming and shows that ESG strategies actually produce outperformance. The survey results show that:
Most respondents agree that ESG strategies don’t offer any performance improvement and that style factors are the best way to capture it. Dr Felix Goltz, coauthor of the study, said that when standard risk adjustments are used in performance measurement, the widely cited findings about positive ESG alpha disappear. However, investors are more interested in the non-pecuniary or risk characteristics of ESG investing than performance. Asset managers should not make ESG investing a new hunting ground for alpha. According to our survey respondents, ESG investing is more value if you focus on other objectives than alpha. You can access the Scientific Beta survey by clicking the link below.