An Empirical Study of China's Broad ESG Partial Equity Hybrid Fund

With rapid economic growth, China's national income continues to increase Meanwhile, people's investment needs to expand continuously. As large-scale assets, securities investment funds have attracted more and more investors. ESG fund products, which are affected by policies and the global epidemic, have been developing rapidly in recent years. To some extent, ESG investment philosophy has become an increasingly important aspect of investment decision-making. The development of ESG investment in China is still at an early stage, with little research on fund performance under the ESG investment philosophy. This paper selects partial-equity hybrid funds that are in line with the broad ESG concept in China and uses the CAPM model to evaluate the performance of the fund's return rate from the perspective of long-term and short-term. It is concluded that generalized ESG partial equity hybrid funds have higher risks and higher returns in China. In recent years, Chinese ESG funds may have overheated investment in the market.