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Características de las IIC sostenibles españolas en 2020

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  • Maria Isabel Cambón, Anna Ispierto

Abstract

: Este trabajo constituye un primer ejercicio para conocer con mayor profundidad las características de las IIC sostenibles españolas que estaban registradas a finales de 2020 en la CNMV, un total de 59 instituciones entre fondos de inversión y SICAV y un patrimonio cercano a los 9.500 millones de euros y que emplean de forma voluntaria la demoninación ISR (inversión socialmente responsable) de acuerdo con la "Circular ISR" de Inverco publicada en 2014. El primer bloque del informe muestra que a finales de 2020 la rentabilidad media anual de las IIC sostenibles era superior a la del conjunto de FI y SICAV registrados en la CNMV (1,8% frente al 0,8%). La ratio de gastos soportados por otra parte fue superior para las IIC con objetivos ASG que para el resto (1,22% frente al 1,05%). En lo que respecta a la valoración ASG de los emisores de los activos en cartera de estas instituciones está invertido en emisores que muestran una evaluación relativa ASG excelente o buena y un grado de transparencia de datos ASG reportados públicamente alto o por enciama de la media (es decir calificaciones A y B1).

Suggested Citation

  • Maria Isabel Cambón, Anna Ispierto, 2022. "Características de las IIC sostenibles españolas en 2020," CNMV Documentos de Trabajo CNMV Documentos de Trabaj, CNMV- Comisión Nacional del Mercado de Valores - Departamento de Estudios y Estadísticas.
    • Handle: RePEc:cnv:docutr:dt_77es
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    File URL: https://www.cnmv.es/DocPortal/Publicaciones/MONOGRAFIAS/DT_77_caract_IIC_sost_ES.pdf
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    More about this item

    Keywords

    Instituciones de Inversión Colectiva; inversores institucionales; sostenibilidad; inversión socialmente responsable.;
    All these keywords.

    JEL classification:

    • G18 - Financial Economics - - General Financial Markets - - - Government Policy and Regulation
    • G23 - Financial Economics - - Financial Institutions and Services - - - Non-bank Financial Institutions; Financial Instruments; Institutional Investors
    • Q56 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environment and Development; Environment and Trade; Sustainability; Environmental Accounts and Accounting; Environmental Equity; Population Growth

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