Selectivity and timing abilities of international socially responsible funds

Bibliographic Details
Main Author: Leite, Paulo
Publication Date: 2014
Other Authors: Cortez, Maria Céu
Format: Article
Language: eng
Source: Repositórios Científicos de Acesso Aberto de Portugal (RCAAP)
Download full: http://hdl.handle.net/11110/595
Summary: This article analyses the selectivity and market timing abilities of international Socially Responsible Investment (SRI) funds, from eight European markets, in comparison to conventional funds with similar characteristics. The results show that differences in market timing abilities of international SRI funds and their conventional peers are not statistically significant. However, SRI funds investing in European equities are significantly worse stock pickers than conventional funds, whereas for funds investing globally, selectivity abilities are similar among both fund groups. Hence, our results suggest that a broader investment universe might increase SRI fund managers’ stock picking abilities and, consequently, improve SRI fund performance.
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spelling Selectivity and timing abilities of international socially responsible fundsfund performanceselectivitymarket timingsocially responsible fundsinternational fundsThis article analyses the selectivity and market timing abilities of international Socially Responsible Investment (SRI) funds, from eight European markets, in comparison to conventional funds with similar characteristics. The results show that differences in market timing abilities of international SRI funds and their conventional peers are not statistically significant. However, SRI funds investing in European equities are significantly worse stock pickers than conventional funds, whereas for funds investing globally, selectivity abilities are similar among both fund groups. Hence, our results suggest that a broader investment universe might increase SRI fund managers’ stock picking abilities and, consequently, improve SRI fund performance.Applied Economics Letters2014-01-14T16:50:42Z2014-01-01T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articlehttp://hdl.handle.net/11110/595oai:ciencipca.ipca.pt:11110/595engLeite, P., & M.C. Cortez, 2014, "Selectivity and timing abilities of international socially responsible funds", Applied Economics Letters, 21 (3), 185-188.http://hdl.handle.net/11110/595metadata only accessinfo:eu-repo/semantics/openAccessLeite, PauloCortez, Maria Céureponame:Repositórios Científicos de Acesso Aberto de Portugal (RCAAP)instname:FCCN, serviços digitais da FCT – Fundação para a Ciência e a Tecnologiainstacron:RCAAP2022-09-05T12:52:09Zoai:ciencipca.ipca.pt:11110/595Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireinfo@rcaap.ptopendoar:https://opendoar.ac.uk/repository/71602025-05-28T10:01:48.131838Repositórios Científicos de Acesso Aberto de Portugal (RCAAP) - FCCN, serviços digitais da FCT – Fundação para a Ciência e a Tecnologiafalse
dc.title.none.fl_str_mv Selectivity and timing abilities of international socially responsible funds
title Selectivity and timing abilities of international socially responsible funds
spellingShingle Selectivity and timing abilities of international socially responsible funds
Leite, Paulo
fund performance
selectivity
market timing
socially responsible funds
international funds
title_short Selectivity and timing abilities of international socially responsible funds
title_full Selectivity and timing abilities of international socially responsible funds
title_fullStr Selectivity and timing abilities of international socially responsible funds
title_full_unstemmed Selectivity and timing abilities of international socially responsible funds
title_sort Selectivity and timing abilities of international socially responsible funds
author Leite, Paulo
author_facet Leite, Paulo
Cortez, Maria Céu
author_role author
author2 Cortez, Maria Céu
author2_role author
dc.contributor.author.fl_str_mv Leite, Paulo
Cortez, Maria Céu
dc.subject.por.fl_str_mv fund performance
selectivity
market timing
socially responsible funds
international funds
topic fund performance
selectivity
market timing
socially responsible funds
international funds
description This article analyses the selectivity and market timing abilities of international Socially Responsible Investment (SRI) funds, from eight European markets, in comparison to conventional funds with similar characteristics. The results show that differences in market timing abilities of international SRI funds and their conventional peers are not statistically significant. However, SRI funds investing in European equities are significantly worse stock pickers than conventional funds, whereas for funds investing globally, selectivity abilities are similar among both fund groups. Hence, our results suggest that a broader investment universe might increase SRI fund managers’ stock picking abilities and, consequently, improve SRI fund performance.
publishDate 2014
dc.date.none.fl_str_mv 2014-01-14T16:50:42Z
2014-01-01T00:00:00Z
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
dc.type.driver.fl_str_mv info:eu-repo/semantics/article
format article
status_str publishedVersion
dc.identifier.uri.fl_str_mv http://hdl.handle.net/11110/595
oai:ciencipca.ipca.pt:11110/595
url http://hdl.handle.net/11110/595
identifier_str_mv oai:ciencipca.ipca.pt:11110/595
dc.language.iso.fl_str_mv eng
language eng
dc.relation.none.fl_str_mv Leite, P., & M.C. Cortez, 2014, "Selectivity and timing abilities of international socially responsible funds", Applied Economics Letters, 21 (3), 185-188.
http://hdl.handle.net/11110/595
dc.rights.driver.fl_str_mv metadata only access
info:eu-repo/semantics/openAccess
rights_invalid_str_mv metadata only access
eu_rights_str_mv openAccess
dc.publisher.none.fl_str_mv Applied Economics Letters
publisher.none.fl_str_mv Applied Economics Letters
dc.source.none.fl_str_mv reponame:Repositórios Científicos de Acesso Aberto de Portugal (RCAAP)
instname:FCCN, serviços digitais da FCT – Fundação para a Ciência e a Tecnologia
instacron:RCAAP
instname_str FCCN, serviços digitais da FCT – Fundação para a Ciência e a Tecnologia
instacron_str RCAAP
institution RCAAP
reponame_str Repositórios Científicos de Acesso Aberto de Portugal (RCAAP)
collection Repositórios Científicos de Acesso Aberto de Portugal (RCAAP)
repository.name.fl_str_mv Repositórios Científicos de Acesso Aberto de Portugal (RCAAP) - FCCN, serviços digitais da FCT – Fundação para a Ciência e a Tecnologia
repository.mail.fl_str_mv info@rcaap.pt
_version_ 1833590389244690432

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