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The integrability of ESG investing into robo advising
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Resumo(s)
Environmental, Social and Governance (ESG) investing and passive asset management are two
distinct trends in financial markets. This research examines whether robo advisors can combine
these two trends by integrating ESG into their passively managed portfolios. On the example of the
ESG portfolio of a German robo advisor, the research finds that ESG is integrable into robo
advising, with limitations. A backtest with a threshold-based rebalancing strategy was performed
over the sample period 05/31/2011 – 10/31/2018. In comparison to its Non-ESG counterpart, the
ESG portfolio does not over- or underperform. Also, its ESG scores are higher. However, the
analysis of a second robo advisor shows the limited integrability of ESG into different portfolios
due to a lack of available ESG ETFs and inconsistencies in ESG scores.
Descrição
Palavras-chave
Robo advising ESG ETF