What's in a (Green) Name? The Consequences of Greening Fund Names on Fund Flows, Turnover, and Performance

Sadok El Ghoul and Aymen Karoui

Finance Research Letters, 2021, vol. 39, issue C

Abstract: We examine a sample of U.S. mutual funds and find that, between 2003 and 2018, 28 funds have changed their names to a sustainability-related appellation. Following the name change, we observe three main outcomes: (i) an increase in fund flows, (ii) a significant rise in portfolio turnover, and (iii) no substantial change in fund betas and alpha.

Keywords: Mutual fund flows; Socially responsible investing; Fund names; Fund performance; Turnover; Sustainability (search for similar items in EconPapers)
JEL-codes: G11 G23 M14 (search for similar items in EconPapers)
Date: 2021
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Citations: View citations in EconPapers (8)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:39:y:2021:i:c:s1544612319313777

DOI: 10.1016/j.frl.2020.101620

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