Is investor behavior on sustainable products heterogeneous? The case of Spanish investors on investment in SGDs

Nowadays most of Economies are involved in the 2030 Agenda. But, are business decisions affected by the 2030 Agenda? In order to answer this question, we propose to analyze the effect of SDGs 6: "clean water and sanitation" in the financial market throughout investors choices. Then, the aim of this letter consists of analyzing investors' preferences about investment funds which investment policy contributes to the achievement of Sustainable Development Goal 6: "clean water and sanitation", given the global importance of achieving this goal. To do that, a survey was carried out in which a total of 456 valid observations were obtained. Choice experiment methodology has been applied to try to obtain a valuation by Spanish investors.. The results show that there is a high valuation of funds whose portfolios include investments that contribute to SDG 6 and that there is also heterogeneity in preferences. These results have important implications for economic and professional policy.