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  4. Are they any good at all? A financial and ethical analysis of socially responsible mutual funds
 
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Are they any good at all? A financial and ethical analysis of socially responsible mutual funds

Journal
Journal of Asset Management
ISSN
1470-8272
Type
journal article
Date Issued
2014
Author(s)
Utz, Sebastian
Wimmer, Maximilian
DOI
10.1057/jam.2014.8
Abstract
In this article, we examine a broad sample of socially responsible (SR) and conventional mutual funds with respect to financial and ethical parameters. We cannot document profound differences in their financial performance. With regard to ethical performance, we indeed find that an investor who seeks to avoid the least ethical of all available funds can do so by purchasing SR mutual funds. Still, we also demonstrate that SR mutual funds are not holding considerably more ethical assets on average. Moreover, the label ‘SR mutual fund’ does not in any way guarantee the exclusion of clearly unethical firms, which contrasts to the common perception of screening out poor assets.
Language
English
HSG Classification
contribution to scientific community
Refereed
Yes
Publisher
Palgrave macmillan
Volume
15
Start page
72
End page
82
URL
https://www.alexandria.unisg.ch/handle/20.500.14171/88206
Subject(s)
  • finance

Division(s)
  • ior/cf - Institute fo...

Eprints ID
252087
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