Market-timing skills of socially responsible investment fund managers: The case of North America versus Europe

Wei Rong Ang (), Greg N Gregoriou and Hooi Hooi Lean ()
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Greg N Gregoriou: State University of New York (Plattsburgh)

Journal of Asset Management, 2014, vol. 15, issue 6, No 3, 366-377

Abstract: Abstract This study analyzes the market-timing skills of Socially Responsible Investment (SRI) fund managers based in North America (US & Canada) and Europe. We use a broad sample of 248 North American and 500 European SRI funds during the January 2001-December 2011 period. Our result indicates that market-timing skills exist in both regions and SRI funds are attractive investment instruments. Nonetheless, North American SRI funds are more attractive than the European SRI funds because fund managers from North America possess superior stock selection abilities and market-timing skills.

Keywords: market-timing; socially responsible investing fund; North America; Europe (search for similar items in EconPapers)
Date: 2014
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DOI: 10.1057/jam.2014.34

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