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Fund bets happier workers produce healthier returns

Financial Times LogoFinancial Times12h ago

Fund bets happier workers produce healthier returns - Financial Times

Quick Summary:

The HAPI ETF is up more than 20 per cent year-to-date, and though many of its top holdings are part of the booming “magnificent seven” big tech companies that have largely driven recent market gains, van Adelsberg said most of its outperformance was unrelated to those stocks.

But Edmans and his collaborators, in a study published in July in the Management Science journal, expressed caution about extrapolating those findings outside the US.“A strategy of investing in firms with high employee satisfaction will only generate superior returns in countries with high labour market flexibility,” they wrote.

Irrational’s bet has been supported by research from JPMorgan, in which the bank’s head of European quantitative strategy, Khuram Chaudhry, and his colleagues have tied the ability to outperform the market to changes in the role work plays in our daily lives.


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Article Details

Author / Journalist: Will Schmitt

Category: MarketsFinanceInvesting

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-01 @ 04:00:15 (12 hours ago)

News Timezone: GMT -5:00

News Source URL: ft.com

Language: English

Article Length: 1070 words

Reading Time: 6 minutes read

Sentences: 36 lines

Sentence Length: 30 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Financial Times

News ID: 22316552

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About Financial Times

Financial Times Logo

Main Topics: MarketsFinanceInvesting

Official Website: ft.com

Update Frequency: 2 posts per day

Year Established: 1888

Headquarters: United States

News Last Updated: 17 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

Content Availability: Worldwide

News Language: English

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API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #3

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