Analysis of pre-selection criteria for socially responsible investment funds

Abstract

Over last years, humans have been becoming more concerned about aspects related to the environment, social issues and social responsibility. For this reason, investors decide to look for alternatives to conventional investment funds in order to be able to combine financial criteria and extra-financial criteria in the same product. Socially responsible investment funds offer investors this possibility, which is being exploited by European countries, especially France, Belgium and Holland, countries that show a greater interest in this variant of funds. In this study, the different socially responsible funds existing in Spain as of 31/12/2017 will be analysed, with a descriptive analysis of their pre-selection criteria by sector, by valuation or exclusion criteria and by the category of each asset. At the same time, an analysis of the current situation in Europe with regard to SRI funds will be carried out.