While active funds as a whole experience outflows during the crisis, funds that apply exclusion criteria in their investment process receive net inflows. Funds with higher sustainability ratings from Morningstar also receive larger flows, driven especially by environmental concerns. The pre-crisis trend of flows toward sustainability-oriented funds thus continues during the COVID-19 crisis. The fact that investors retain their commitment to sustainability during a major crisis suggests they have come to view sustainability as a necessity rather than a luxury good.
Insights / Podcast episode•Feb 25, 2021
The Surprising Results of Pandemic Unemployment Benefits
Eduardo Porter, Tess Vigeland, Peter Ganong, Fiona Greig
In March 2020, the CARES Act expanded who was eligible for unemployment benefits, how much...
Topics: COVID-19, Employment & Wages
Finding•Feb 17, 2021
Does Private Equity Investment in Healthcare Benefit Patients? Evidence from Nursing Homes
Atul Gupta, Sabrina T. Howell, Constantine Yannelis, Abhinav Gupta
Private equity ownership (PE) increases the short-term mortality of Medicare patients by 10%, implying 20,150 lives lost due to PE ownership over a twelve-year sample period.
Topics: Financial Markets, Health care