Socially Responsible Investing and Management Style of Mutual Funds in the Euronext Stock Markets
20 Pages Posted: 28 Mar 2001
Date Written: January 2001
This paper analyses fund management styles on the Euronext stock exchanges. Especially, we investigate how social responsibility is accounted for. We use style analysis to assess fund performance in Belgium, France, and the Netherlands for over 800 investment funds during the 1990s. We find remarkable and significant differences in performance characteristics among these markets. Furthermore, we find that funds that to some extent mirror well known social responsibility indices tend to perform better than funds that bear no relationship with social responsible investment strategies.
Keywords: Fund Performance, Socially Responsible Investing, Investment Funds, Style Analysis, Stock Markets
JEL Classification: G11, G24, Z13
Suggested Citation: Suggested Citation