Edhec research finds no difference between asset class and mainstream funds, reports Sophia Grene. Doing well by doing good is a myth promoted by asset managers anxious to sell socially responsible investment funds, according to French research. “SRI is not delivering outperformance. That is the strong conclusion of the research,” said Noël Amenc, professor of finance and director of the Edhec risk and asset management research centre. “It would be misselling to promote SRI based on outperformance, because it is not there in the figures.” Image: media.ft.com

Source: Financial Times

Full paper: Les performances de l’investissement socialement responsable en France, EDHEC