Performance persistence in socially responsible mutual funds
by Praveen K. Das; S.P. Uma Rao
International Journal of Economics and Business Research (IJEBR), Vol. 8, No. 4, 2014

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.

Online publication date: Fri, 31-Oct-2014

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