UCITS hedge fund performance and flows during COVID-19

dc.contributorAalto Universityen
dc.contributorAalto-yliopistofi
dc.contributor.advisorJoenväärä, Juha
dc.contributor.authorPietikäinen, Anni
dc.contributor.departmentRahoituksen laitosfi
dc.contributor.schoolKauppakorkeakoulufi
dc.contributor.schoolSchool of Businessen
dc.date.accessioned2021-09-19T16:06:08Z
dc.date.available2021-09-19T16:06:08Z
dc.date.issued2021
dc.description.abstractI 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.extent19
dc.format.mimetypeapplication/pdfen
dc.identifier.urihttps://aaltodoc.aalto.fi/handle/123456789/110031
dc.identifier.urnURN:NBN:fi:aalto-202109199253
dc.language.isoenen
dc.programmeRahoitusen
dc.subject.keywordsustainabilityen
dc.subject.keywordinvestment decisionsen
dc.subject.keywordfund flowen
dc.subject.keywordCovid-19en
dc.titleUCITS hedge fund performance and flows during COVID-19en
dc.typeG1 Kandidaatintyöfi
dc.type.ontasotBachelor's thesisen
dc.type.ontasotKandidaatintyöfi

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