UCITS hedge fund performance and flows during COVID-19
| dc.contributor | Aalto University | en |
| dc.contributor | Aalto-yliopisto | fi |
| dc.contributor.advisor | Joenväärä, Juha | |
| dc.contributor.author | Pietikäinen, Anni | |
| dc.contributor.department | Rahoituksen laitos | fi |
| dc.contributor.school | Kauppakorkeakoulu | fi |
| dc.contributor.school | School of Business | en |
| dc.date.accessioned | 2021-09-19T16:06:08Z | |
| dc.date.available | 2021-09-19T16:06:08Z | |
| dc.date.issued | 2021 | |
| dc.description.abstract | I present a comprehensive analysis of the performance and flows of UCITS hedge funds during the Covid-19 crisis. Exploiting this shock, I show evidence that investors view sustainability as a positive attribute, allocating more money into funds with high sustainability ratings. Experimental evidence suggests that social preferences and other non-financial motives drive investors to choose high sustainability funds over low sustainability funds rather than rational performance expectations. Investors' focus on sustainability, especially during a crisis, indicates sustainability is viewed more as a necessity than a voluptuous good. | en |
| dc.format.extent | 19 | |
| dc.format.mimetype | application/pdf | en |
| dc.identifier.uri | https://aaltodoc.aalto.fi/handle/123456789/110031 | |
| dc.identifier.urn | URN:NBN:fi:aalto-202109199253 | |
| dc.language.iso | en | en |
| dc.programme | Rahoitus | en |
| dc.subject.keyword | sustainability | en |
| dc.subject.keyword | investment decisions | en |
| dc.subject.keyword | fund flow | en |
| dc.subject.keyword | Covid-19 | en |
| dc.title | UCITS hedge fund performance and flows during COVID-19 | en |
| dc.type | G1 Kandidaatintyö | fi |
| dc.type.ontasot | Bachelor's thesis | en |
| dc.type.ontasot | Kandidaatintyö | fi |
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