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In Holdings We Trust: Uncovering the ESG Fund Lemons
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In Holdings We Trust: Uncovering the ESG Fund Lemons
Authors: Lachie McLean, Ivan Diaz-Rainey, Sebastian Gehricke and Renzhu Zhang
Presenter: Mrs Presenter
Abstract: Investment funds available to New Zealand retail investors are motivated by value rather than values. We show evidence of greenwashing by funds, i.e. funds stating decarbonization do not have lower portfolio carbon footprints.