School of Business and Management Department of Finance 174 How do Personal Incentives of Mutual Fund Managers Impact ESG Investments? Supervisor: YEGEN, Eyub / FINA Student: DONG, Jiayang / RMBI JIANG, Jiarui / ECOF SO, Eric Yik Huen / FINA TAN, Yong Peng / SENG ZHANG, Zhuyu / ECOF Course: UROP1000, Summer UROP1000, Summer UROP1000, Summer UROP1000, Summer UROP1000, Summer ESG has been widely adopted by institutional investors and mutual fund managers in the finance field. This research serves as the extension of the previous UROP study with the purpose of analysing the rationale behind investing in specific ESG mutual funds with the political and governance considerations. The analysis begins with 6 literature reviews covering the political polarization, international political ideology and the climate risk’s influence on the investors’ incentive and the ESG mutual funds’ benchmarks selection. Following by the mutual fund benchmark data matching and analysing tasks to describe the changes in ESG mutual funds’ benchmarks with the prospectus data listed on the US Securities and Exchange Commission. How do Personal Incentives of Mutual Fund Managers Impact ESG Investments? Supervisor: YEGEN, Eyub / FINA Student: JIANG, Jiarui / ECOF LIU, Ka Hei / ECOF SIN, Cheuk Kwan / GBUS Course: UROP1100, Fall UROP1100, Fall UROP1100, Fall ESG is now the latest trend in the market. Portfolio managers consider ESG as an important factor in evaluating a company's performance, incorporating ESG into their investment strategy. This practice raises a concern about “Greenwashing” which is designated to attract more funds and investors only. The purpose of this project is to examine these notions with a detailed analysis of the prospectus of ESG investment funds. Students are required to gather ESG-related regulations and analyze the prospectus collected via the SEC website. The investment objective, investment strategy and investment risks of each fund are carefully considered. Several patterns have been observed and a preliminary conclusion has been reached.
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