The integrability of ESG investing into robo advising
Autor(a) principal: | |
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Data de Publicação: | 2019 |
Tipo de documento: | Dissertação |
Idioma: | eng |
Título da fonte: | Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
Texto Completo: | http://hdl.handle.net/10362/73601 |
Resumo: | Environmental, Social and Governance (ESG) investing and passive asset management are two distinct trends in financial markets. This research examines whether robo advisors can combine these two trends by integrating ESG into their passively managed portfolios. On the example of the ESG portfolio of a German robo advisor, the research finds that ESG is integrable into robo advising, with limitations. A backtest with a threshold-based rebalancing strategy was performed over the sample period 05/31/2011 – 10/31/2018. In comparison to its Non-ESG counterpart, the ESG portfolio does not over- or underperform. Also, its ESG scores are higher. However, the analysis of a second robo advisor shows the limited integrability of ESG into different portfolios due to a lack of available ESG ETFs and inconsistencies in ESG scores. |
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The integrability of ESG investing into robo advisingRobo advisingESGETFDomínio/Área Científica::Ciências Sociais::Economia e GestãoEnvironmental, Social and Governance (ESG) investing and passive asset management are two distinct trends in financial markets. This research examines whether robo advisors can combine these two trends by integrating ESG into their passively managed portfolios. On the example of the ESG portfolio of a German robo advisor, the research finds that ESG is integrable into robo advising, with limitations. A backtest with a threshold-based rebalancing strategy was performed over the sample period 05/31/2011 – 10/31/2018. In comparison to its Non-ESG counterpart, the ESG portfolio does not over- or underperform. Also, its ESG scores are higher. However, the analysis of a second robo advisor shows the limited integrability of ESG into different portfolios due to a lack of available ESG ETFs and inconsistencies in ESG scores.Zambrana, RafaelRUNBecker, Tobias Niklas2019-06-25T10:27:12Z2019-01-152019-01-15T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/masterThesisapplication/pdfhttp://hdl.handle.net/10362/73601TID:202226875enginfo:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2024-03-11T04:34:04Zoai:run.unl.pt:10362/73601Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-20T03:35:21.282703Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse |
dc.title.none.fl_str_mv |
The integrability of ESG investing into robo advising |
title |
The integrability of ESG investing into robo advising |
spellingShingle |
The integrability of ESG investing into robo advising Becker, Tobias Niklas Robo advising ESG ETF Domínio/Área Científica::Ciências Sociais::Economia e Gestão |
title_short |
The integrability of ESG investing into robo advising |
title_full |
The integrability of ESG investing into robo advising |
title_fullStr |
The integrability of ESG investing into robo advising |
title_full_unstemmed |
The integrability of ESG investing into robo advising |
title_sort |
The integrability of ESG investing into robo advising |
author |
Becker, Tobias Niklas |
author_facet |
Becker, Tobias Niklas |
author_role |
author |
dc.contributor.none.fl_str_mv |
Zambrana, Rafael RUN |
dc.contributor.author.fl_str_mv |
Becker, Tobias Niklas |
dc.subject.por.fl_str_mv |
Robo advising ESG ETF Domínio/Área Científica::Ciências Sociais::Economia e Gestão |
topic |
Robo advising ESG ETF Domínio/Área Científica::Ciências Sociais::Economia e Gestão |
description |
Environmental, Social and Governance (ESG) investing and passive asset management are two distinct trends in financial markets. This research examines whether robo advisors can combine these two trends by integrating ESG into their passively managed portfolios. On the example of the ESG portfolio of a German robo advisor, the research finds that ESG is integrable into robo advising, with limitations. A backtest with a threshold-based rebalancing strategy was performed over the sample period 05/31/2011 – 10/31/2018. In comparison to its Non-ESG counterpart, the ESG portfolio does not over- or underperform. Also, its ESG scores are higher. However, the analysis of a second robo advisor shows the limited integrability of ESG into different portfolios due to a lack of available ESG ETFs and inconsistencies in ESG scores. |
publishDate |
2019 |
dc.date.none.fl_str_mv |
2019-06-25T10:27:12Z 2019-01-15 2019-01-15T00:00:00Z |
dc.type.status.fl_str_mv |
info:eu-repo/semantics/publishedVersion |
dc.type.driver.fl_str_mv |
info:eu-repo/semantics/masterThesis |
format |
masterThesis |
status_str |
publishedVersion |
dc.identifier.uri.fl_str_mv |
http://hdl.handle.net/10362/73601 TID:202226875 |
url |
http://hdl.handle.net/10362/73601 |
identifier_str_mv |
TID:202226875 |
dc.language.iso.fl_str_mv |
eng |
language |
eng |
dc.rights.driver.fl_str_mv |
info:eu-repo/semantics/openAccess |
eu_rights_str_mv |
openAccess |
dc.format.none.fl_str_mv |
application/pdf |
dc.source.none.fl_str_mv |
reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação instacron:RCAAP |
instname_str |
Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
instacron_str |
RCAAP |
institution |
RCAAP |
reponame_str |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
collection |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
repository.name.fl_str_mv |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
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1799137974657482752 |