New developments in social investing by public pensions

Munnell, Alicia Haydock, and Anqi Chen. “New developments in social investing by public pensions”. State and Local Plans 53, Chestnut Hill, Mass.: Center for Retirement Research at Boston College, November 2016. http://hdl.handle.net/2345/bc-ir:107222.
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Abstract

The brief's key findings are: (1) Public pension funds continue to engage in social investing, most recently divesting from Iran and fossil fuels. (2) However, social investing is often not effective, as other investors step in to buy divested stocks. (3) Social investing can also produce lower investment returns, conflict with the views of beneficiaries and taxpayers, and interfere with federal policy. (4) In short, public pension funds should not engage in social investing.

Title
New developments in social investing by public pensions
Author
Munnell, Alicia Haydock
Chen, Anqi
School
Carroll School of Management
Discipline
Finance
Center
Center for Retirement Research
Genre
report
Date Issued
November 2016
Publisher
Center for Retirement Research at Boston College
Series Title
State and Local Plans
Series Number
53
Persistent Link
http://hdl.handle.net/2345/bc-ir:107222
Use Restrictions
These materials are made available for use in research, teaching and private study, pursuant to U.S. Copyright Law. The user must assume full responsibility for any use of the materials, including but not limited to, infringement of copyright and publication rights of reproduced materials. Any materials used for academic research or otherwise should be fully credited with the source. The publisher or original authors may retain copyright to the materials.
Subject
State and Local Pensions

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