Sustainability funds offer the investor the possibility of making a
contribution for sustainability support in connection with its
investment. The aim to reach a higher net yield in the comparison to the
capital market by means of sustainability funds, may not be the central
argument of such an investment. It is rather a question of the ideology
to make a contribution to the protection of the environment and society
with an investment in Sustainability fund. Whereby it is not meant that
the investor must pay for sustainability, but that he is recompenced
with an appropriate net yield corrisponding to market.
The findings over the
sustainability are not yet so far embodied that they flow at full extent
into the share quotations. However, enterprises which use the chances
given in the environment and the society and avoid the corresponding
risks, should be able to reach a better position in relation to the
competitors, which should lead to higher profits and rising share
quotations. This basically logical consequence must be still proven for
the fund industry. However the enterprises, whose title is taken up in a
sustainable investment trust, regularly examined concerning the
fulfilment of the demanded criteria. Th is prevents shares from
companies with scandalous way of management to be contained in the fund,
which should minimize unexpected share quotation falls through getting
public of scandals.
A statistically supported
statement about the influence of the sustainability efforts of the
individual funds on its net yield is not yet possible due to the only
short existence of these asset products. A comparison of the already
longer existing Sustainability indices (ex. Dow Jones Sustainability
index, DJSI) with the underlying “unsustainable” basis indices however
shows a positive picture, the sustainable derivative of these indices
having a tendentious higher, but at least equal net yield.
From this the statement can be derived that, if the sustainability has
an influence on the net yield then a positive. An investment in
Sustainability funds has thus only positive characteristics, because
even if the net yield ‘only‘ equals the market at least ideologically an
additional value was reached.