ERI Scientific Beta announces the launch of new low carbon indices
(Thomson Reuters ONE) -
EDHEC Risk Institute has been conducting research for several years on the
possibility of reconciling financial and environmental performance. The launch
of a new series of low carbon indices by ERI Scientific Beta, the smart beta
index provider set up by EDHEC Risk Institute in 2012, marks the practical
realisation of these research efforts and represents an important moment for
responsible finance, because the results of the research undertaken will provide
institutional investors with smart beta indices that can reduce the carbon
footprint of their equity investments by more than 80%, while at the same time
outperforming traditional market indices and being able to create more than 50%
additional value in the medium term.
EDHEC Risk Institute's approach can be distinguished from numerous approaches
that, over the long term, hope to outperform the stock markets through the
higher returns of shares in firms that have a better carbon footprint, because
these firms are supposedly less affected by the increasing cost of fossil fuels
and the tons of carbon emitted, but that, in the short and medium term, aim to
produce performance that is fairly similar to that of traditional stock market
indices.
For the green indices produced by ERI Scientific Beta, the idea is offer access
to short and medium-term outperformance by using consensual results from
financial research. The "green" premium, which has not yet been scientifically
and empirically demonstrated, will be able to play out as a long-term complement
to performance, but Scientific Beta's green and smart beta indices already
produce performance by relying on the consensual state-of-the-art in academia in
the area of factor investing and portfolio diversification.
The exclusion from the index of the largest carbon emitters, the worst firms in
terms of carbon intensity in each sector of activity, and the largest holders of
fossil assets, guarantees that these indices have a strong positive impact on
the environment by weighing on the value of the stocks of the excluded firms,
thereby obliging them to change their strategy or their production process in
order to be removed from the exclusion list.
"We are delighted to share our expertise with ERI Scientific Beta to produce
low-carbon versions of their highly respected multi-smart factor indices. The
combination of low-carbon emissions and state-of-the-art smart factor indices is
a compelling opportunity for investors globally," says Maximilian Horster,
Director Financial Industry at South Pole Group.
A special workshop at the EDHEC-Risk Days conference at The Brewery in London on
March 15 will address the theme of "Smart Beta & Low Carbon" by looking at the
limitations of green stock picking, examining how to perform financially whilst
reducing the carbon footprint and presenting the Scientific Beta Low Carbon
Multi-Beta Multi-Strategy Indices.
To receive a press pass to this conference, please visit the registration
website or contact Joanne Finlay: joanne.finlay(at)edhec-risk.com.
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As part of its policy of transferring know-how to the industry, EDHEC-Risk
Institute has set up ERI Scientific Beta. ERI Scientific Beta is an original
initiative which aims to favour the adoption of the latest advances in smart
beta design and implementation by the whole investment industry. Its academic
origin provides the foundation for its strategy: offer, in the best economic
conditions possible, the smart beta solutions that are most proven
scientifically with full transparency of both the methods and the associated
risks.
ERI Scientific Beta, 1 George Street, #07-02, Singapore 049145. For further
information, please contact: Séverine Cibelly, Tel.: +33 493 187 863, E-mail:
severine.cibelly(at)scientificbeta.com, Web: www.scientificbeta.com.
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Press_release_low_carbon_indices:
http://hugin.info/157174/R/1988485/730073.pdf
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Source: EDHEC-Risk Institute via GlobeNewswire
[HUG#1988485]
Unternehmensinformation / Kurzprofil:
Datum: 23.02.2016 - 14:33 Uhr
Sprache: Deutsch
News-ID 452656
Anzahl Zeichen: 5001
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Town:
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Kategorie:
Business News
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