Performance Analysis of the Social Responsibility Investment Mutual Funds
Date Issued
2009
Date
2009
Author(s)
Chen, Yung-Long
Abstract
Due to the intensity of increased global warming in recent years, thus causing a universal suffrage of environmentalism and causing a different view point on the objectives of economic growth. The U.S.A.President Obama after facing the unprecedented economic storm came forth with a plan to save the collapsing markets, quoted with profound grief “that this is a time of dept paying” , this is due to the fact that up to now we have been pursuing short term profits and neglecting long term interests, and so we now pay a staggering price. The vision of socially responsible investments is that it fully acknowledges the importance of long term economic fundamentals, which is a grasp of the current trend, therefore providing it with financial performance superiority. when investing not only do they focus on economic growth, return rate, but also they focused on environmental protection, social welfare, enterprise management and others, therefore was born a mutual fund that invested in these enterprises called “Social Responsibility Investing Mutual Fund, SRIMF”.This study uses an Index Model to verify Peter Camejos’ ‘respectfully’ argument towards the performance of Social Responsibility investing Mutual Funds: “Social Responsibility investing Mutual Funds’ return across different economic cycles, or up to 15 to 20years of time, where as Social Responsibility investing Mutual Funds returns could have a lower or negative fluctuation--- in other words, when it is compared with the S&P500 index’s’ remuneration, Social Responsibility investing Mutual Funds returns have come out with higher “upside Beta” and lower “downside Beta”, which comes to the question will Social Responsibility Investment Mutual Funds beat the market no matter in a bear or a bull market？
Subjects
Social Responsibility Investment（SRI）
Upside Beta
Downside Beta
SDGs
Type
thesis
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