Can China’s Green Fund Investment Give Consideration To Both Environment And Economy?

Nowadays,environmental problems have become increasingly prominent,and the development of green economy has resonated all over the world.As an important investment tool of green finance,green fund plays a vital role in supporting the development of green economy.Compared with traditional fund,green fund has their particularities.So the evaluation of the economic performance can not expand its influence.However,how to evaluate its environmental performance,and whether green fund can achieve the dual goals of "economy and environment" in the investment process need further exploration.This paper summarizes the development of foreign green fund,and makes descriptive statistics on the development status of China’s green fund.Then combines with the evaluation system of traditional fund economic performance,a series of methods for evaluating the economic and environmental performance were constructed.And they were applied to the cases to analyze the balance of economy and environment in the investment process.Firstly,when evaluating the economic performance,through comparative analysis with the fund’s own return,performance comparison benchmark,and traditional fund.It is found that the performance of green fund named Xingquan is better in the market,which is no different from that of traditional fund.On the contrary,the green fund named Huitianfu may be restricted by the related conditions of green investment,thus its income is obviously adversely affected,and its performance is not as good as that of traditional fund.Secondly,the analysis results of the environmental performance of green fund show that the allocation of green securities in Xingquan is low and not fixed,and the investment is scattered.However,the green fund of Huitianfu mainly invests in the listed companies of environmental protection industry and other manufacturing enterprises,and its allocated investment portfolio is relatively green.In addition,the environmental responsibility of the two green funds performed well at the initial stage of establishment,while it showed a slight downward trend latterly,but the overall performance was still higher than the market average.Finally,based on the case analysis of this paper,the problems faced by the development of China’s green fund are summarized,such as low green degree,imperfect selection criteria of portfolio,imperfect environmental information disclosure and performance evaluation system,lack of investor recognition and so on,then put forward some suggestions.