Heterogeneity in investment behavior in sustainable products: the case of thematic funds

Abstract

The market and distribution of investment products that contribute to the achievement of the Sustainable Development Goals (SDGs), as a paradigm of the 2030 Agenda, are instruments that investors should incorporate into their financial portfolios. This paper analyses investors' preferences for investment funds that contribute in their investment policy to the achievement of SDG 6. Choice experiment methodology has been applied to try to obtain a valuation by Spanish investors. A survey was carried out in which a total of 456 valid observations were obtained. The results show that there is a high valuation of funds whose portfolios include investments that contribute to SDG 6 and that there is also heterogeneity in preferences.