Amundi Asset Management

2019 Top 400 ranking: 9http://www.amundi.com

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Amundi

The Alpha And Beta Of ESG Investing

With the rising awareness around ESG issues worldwide, institutional investors have started to massively look into responsible investment. The latter has grown substantially in Europe and in North America in the past 5 years.

Amundi’s new research on the impact of ESG investing on equity asset pricing finds that when an alpha strategy is massively implemented, it becomes a beta strategy.

In Europe, the massive mobilization of institutional investors regarding ESG investing has impacted demand mechanisms, with a subsequent effect on prices, thereby also triggering a performance premium.

Read the complete white paper at the link beneath Related Files/Links

Head Office
90, boulevard Pasteur
Paris
75015
France
Company website:
http://www.amundi.com
Year Founded:
2010
No. of investment offices worldwide:
6

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What’s new

  • Factor Investing In Currency Markets: Does It Make Sense?

    Factor Investing In Currency Markets: Does It Make Sense?

    White papersMon, 24 Jun 2019

    The concept of factor investing emerged at the end of the 2000s and has completely changed the landscape of equity investing. Today, institutional investors structure their strategic asset allocation around five risk factors: size, value, low beta, momentum and quality.

  • Three Themes For European Equities To Be Back In Focus

    Three Themes For European Equities To Be Back In Focus

    White papersFri, 21 Jun 2019

    Volatility is here to stay. Markets are hostages of very volatile news flow. Trade-related anxiety is driving the swing (pessimism of a broken deal between China and US led to a correction in May while the renewed hope of a partial deal brought equity markets back to yearly highs in June).

  • Investing in the changing shape of Emerging Markets

    Investing in the changing shape of Emerging Markets

    White papersTue, 18 Jun 2019

    The emerging markets (EM) universe has experienced significant changes in the last decade with the further addition of investible countries (ie China A shares in 2018), the surge in the size of EM bond markets and the further development of the local currency bond markets.

  • Pricing Individual Stock Options Using Both Stock And Market Index Information

    Pricing Individual Stock Options Using Both Stock And Market Index Information

    White papersTue, 18 Jun 2019

    When it comes to individual stock option pricing, most applications consider a univariate framework. From a theoretical point of view this is unsatisfactory as we know that the expected return of any asset is closely related to the exposure to the market risk factors. 

  • Variance Premium, Downside Risk, And Expected Stock Returns

    Variance Premium, Downside Risk, And Expected Stock Returns

    White papersMon, 17 Jun 2019

    We decompose total variance into its bad and good components and measure the premia associated with their fluctuations using stock and option data from a large cross-section of firms. The total variance risk premium (VRP) represents the premium paid to insure against fluctuations in bad variance (called bad VRP), net of the premium received to compensate for fluctuations in good variance (called good VRP). 

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