Är ESG-investering en intressant investeringsstrategi för privatinvesterare under en turbulent tid på marknaden? : Hur påverkas ESG-portföljer av Rysslands invasion av Ukraina?

Sammanfattning: Background: Investment in sustainability has long been said to be the future of stock trading. However, according to previous research, this has not proven to be the case. The question then is whether ESG points are significant for private investors' equity portfolios and, if not, which macroeconomic factors are important. Since Russia's invasion of Ukraine, the market has been in a volatile state. Most market indices in the world have fallen as a result. This thesis seeks to examine the impact of this turbulent market time on ESG investment. Purpose: The purpose of this study is to examine how portfolios built based on their Environmental, social and Governance (ESG) score perform in relation to each other during the period of Russia's invasion of Ukraine. Methodology: The study is based on four portfolios in which stocks are divided depending on their ESG-score. The stocks all have an ESG-score between 1-100 and the portfolios include stocks in the intervals of 1-25, 26-50, 51-75 and 76-100.  Results: According to the method used, the ESG score has not had a significant impact on the development of the portfolios. The factors that have been most important during the time period 7/2-2022 to 7/4-2022 have turned out to be the market factor CAPM and the size factor SMB.