The trajectory of the SRI fund industry in Brazil. (12th October 2022)

• Record Type: Journal Article
• Authors: Barroso, Jessica Sardinha Siqueira; Araujo, Elaine Aparecida
• Is Part Of: Global business & economics review. Volume 27:Number 4(2022)
• Page Start: 393
• Page End: 405
• Publication Date: 2022-10-12
• Subjects: investment funds -- SRI -- socially responsible investments; Economics -- Periodicals; International economic relations -- Periodicals; 330.5
• Languages: English
• ISSNs: 1097-4954

Abstract

This article utilises data collected from the platforms quantum axis, Morningstar, and central system from Comissão de Valores Mobiliários (CVM) to present a descriptive analysis of the Brazilian socially responsible investment (SRI) funds. It was noted that, overall, the Brazilian SRI funds adopt in their policies the third generation SRI approach (positive screen), and no fund with negative screen was found. From 2001 to December 2017, the Brazilian SRI funds industry had a total of 64 funds with sustainable characteristics in its name, which represents a negligible percentage compared to the total of the Brazilian funds industry.