Development of a methodology for selecting equity investment funds with a focus on ESG using the TOPSIS multi-criteria method.
investment fund, ESG, selection, multi-criteria analysis
Investment funds are understood as a pool of resources intended for investment in financial assets. Some of these funds have focused on sustainability as a strategy since the term ESG began to be used in the financial market. This term encompasses environmental, social and governance concepts and companies that already have a good development of these areas in their operations, become more interesting for investors as these promise greater returns for adopting sustainable practices. In this sense, this article intends to develop a methodology for selecting investment funds that focuses on ESG through the TOPSIS multi-criteria analysis, in order to hierarchically facilitate the choice of investors.