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Performance persistence in socially responsible mutual funds

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  • Praveen K. Das
  • S.P. Uma Rao

Abstract

This paper reports on an examination of the performance persistence of 238 socially responsible (SR) mutual funds using ten-year monthly and annual returns. The method used relative percentile ranks and annual returns and reward-to-variability ratios to examine persistence. No evidence of performance persistence was found. The results suggest that superior past performance of SR funds is no indicator of superior performance in future.

Suggested Citation

  • Praveen K. Das & S.P. Uma Rao, 2014. "Performance persistence in socially responsible mutual funds," International Journal of Economics and Business Research, Inderscience Enterprises Ltd, vol. 8(4), pages 490-503.
    • Handle: RePEc:ids:ijecbr:v:8:y:2014:i:4:p:490-503
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    Cited by:

    1. Federica Ielasi & Monica Rossolini, 2019. "Responsible or Thematic? The True Nature of Sustainability-Themed Mutual Funds," Sustainability, MDPI, vol. 11(12), pages 1-17, June.

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