Research Article
Green Portfolio and Strategy of the Environmentally Friendly Fund in China Based on Sharpe Ratio -- Taking New Energy as An Example
@INPROCEEDINGS{10.4108/eai.18-11-2022.2326885, author={Fangzhu Lin}, title={Green Portfolio and Strategy of the Environmentally Friendly Fund in China Based on Sharpe Ratio -- Taking New Energy as An Example}, proceedings={Proceedings of the 4th International Conference on Economic Management and Model Engineering, ICEMME 2022, November 18-20, 2022, Nanjing, China}, publisher={EAI}, proceedings_a={ICEMME}, year={2023}, month={2}, keywords={environmental protection funds; green portfolio; environmental economics; new energy; carbon emissions}, doi={10.4108/eai.18-11-2022.2326885} }- Fangzhu Lin
Year: 2023
Green Portfolio and Strategy of the Environmentally Friendly Fund in China Based on Sharpe Ratio -- Taking New Energy as An Example
ICEMME
EAI
DOI: 10.4108/eai.18-11-2022.2326885
Abstract
The concept of environmental economics is in accordance with the pursuit of economic and environmental development in China at present, so the green economy has become important support. Under the energy structure of coal-based in China, new energy plays an important role in the further development of the green industry. And the correlation analysis also proves that the decline in carbon emissions will lead to the rise of new energy stocks’ prices. Therefore, we analyze the optimal portfolio of the new energy green fund. Empirical analysis shows that China’s new energy index and new energy stock portfolio in the investment portfolio can meet the pursuit of high returns, but its Sharpe ratio is still relatively low, so we need to pay more attention to its risk aversion function in the future use so that the new energy fund portfolio in economic and social benefits to achieve a balance.