Cultrera, Loredana
Are Socially Responsible Investment (SRI) funds as responsible as they claim? The case of Belgium
- 2024.
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This study analyzes the extra-financial performance of sixty-eight Belgian SRI funds. It shows that these funds outperform traditional funds in terms of extra-financial performance, but also present extra-financial risks and sometimes invest in questionable sectors. Among SRI funds, Article 9 funds sometimes perform better than Article 8 funds (SFDR), underlining the need for stricter regulations. The study also shows that the extra-financial performance of SRI funds does not vary significantly from one rating agency to another.