Bridge over ocean
1 November 1993 Financial Analysts Journal Volume 49, Issue 6

Doing Well While Doing Good? The Investment Performance of Socially Responsible Mutual Funds

  1. Sally Hamilton
  2. Hoje Jo
  3. Meir Statman, PhD
"Socially responsible" investors favor certain companies over others according to criteria such as production of weapons or use of alternative energy sources. We find that socially responsible mutual funds do not earn statistically significant excess returns and that the performance of such mutual funds is not statistically different from the performance of conventional mutual funds.
Read the Complete Article in Financial Analysts Journal Financial Analysts Journal CFA Institute Member Content

We’re using cookies, but you can turn them off in Privacy Settings.  Otherwise, you are agreeing to our use of cookies.  Accepting cookies does not mean that we are collecting personal data. Learn more in our Privacy Policy.