Fixed income markets are abuzz about the spectacular demand for new green bonds – and there’s no denying that investors are hungry for these instruments. Flows into fixed income funds with socially responsible investing (SRI) or environmental, social and governance (ESG) mandates have soared. Those tracked by EPFR have seen their assets under management increase sevenfold since the beginning of 2019.
EPFR Papers: Estimating asymmetric price impact
This paper studies the asymmetric price impacts mutual fund and ETF flows have on individual stocks in demand-based asset pricing.
