Performance persistence in socially responsible mutual funds

Praveen K. Das and S.P. Uma Rao

International Journal of Economics and Business Research, 2014, vol. 8, issue 4, 490-503

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.

Keywords: performance persistence; socially responsible mutual funds; social responsibility; ten-year monthly returns; ten-year annual returns; relative percentile ranking; reward-to-variability ratios; performance indicators. (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:ids:ijecbr:v:8:y:2014:i:4:p:490-503

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