Content (42)
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White papersOverview: Protecting your Equity Portfolio against Inflation
The continued economic recovery and the unprecedented economic stimulus that we have observed from governments over the recent months has led to fears of inflation re-emerging. Using TIPS to fully hedge inflation risk has a high opportunity cost, especially when interest rates are negative.
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White papers
When Greenness is mistaken for Alpha: Pitfalls in Constructing Low Carbon Equity Portfolios
Low carbon investing products commonly build on the assumption that green stocks produce positive alpha.
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White papers
“Honey, I Shrunk the ESG Alpha”: Risk-Adjusting ESG Portfolio Return
In this paper, we show that there is no solid evidence supporting recent claims that ESG strategies generate outperformance. We construct ESG strategies that have been shown to outperform in popular papers
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White papers
Reconciling Financial and Non-Financial Performance
The performance of cap-weighted indices suffers from a high concentration, negative exposure to long-term-rewarded risk factors and does not take account of ESG or Low Carbon objectives.
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White papers
Climate Impact Consistent Indices
The Climate Impact Consistent (CIC) Indices have been designed as a tool for Net-Zero-committed investors seeking to play their part in the fight against climate change.
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White papers
Scoring Against ESG? Avoiding the Pitfalls of ESG Scores in Portfolio Construction
This paper highlights the danger of using average overall scores at the portfolio level, whether for investment or reporting decisions.
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White papers
IPE EDHEC Research Insights Autumn 2020
This Scientific Beta special issue of the Research Insights supplement to IPE contains articles on
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White papers
Understanding the Importance of Scope 3 Emissions and the Implications of Data Limitations
In this publication, we discuss the need to account for Scope 3 emissions, the state of reporting, data provider estimation, and implications for investors.
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White papers
Carbon Intensity Bumps on the Way to Net Zero
The European Benchmark Regulation has recently mandated the use of enterprise value for normalisation. Partial recognition of data issues and biases plaguing enterprise value led the regulator to reintegrate cash in its definition and adopt an alternative metric for private companies the latter introducing consistency and transparency issues across benchmarks.
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White papers
A Critical Appraisal of Recent EU Regulatory Developments Pertaining to Climate Indices and Sustainability Disclosures for Passive Investment
This paper examines the European Union Benchmark Regulation (BMR) which introduces expensive ESG disclosures that do more to advance the interests of ESG data and services providers than sustainability.
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White papers
Reconciling Financial and Non-Financial Performance
The performance of cap-weighted indices suffers from a high concentration, negative exposure to long-term-rewarded risk factors and does not take account of ESG or Low Carbon objectives.
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White papers
Overview: Scientific Beta Low Carbon Option – Supporting the Transition to a Low Carbon Economy and Protecting Multifactor Indices against Transition Risks
The Low Carbon fiduciary option applicable across Scientific Beta’s flagship offering allows ethical and socially responsible investors to dissociate from companies with significant coal involvement and further promote the transition to a low carbon economy by reorienting their investments towards less carbon-intensive activities and companies.
