How do country-level societal norms affect financial investments? We provide evidence that mutual funds managed in high social capital countries are inclined to consider environmental, and governance filters their portfolios, especially when acquiring new stocks investing abroad. argue nurtures the investment preferences of retail investors, whose demand incentivizes fund managers respond kind....

Mr. Henzlik is business development manager, Social Investment Research Service (SIRS) unit, histitutional Sha reholdcr Services, Nortbjicld, IL. Ms. Fallendcr is managing director, SIRS. SIRS provides portfolio screening and proxy voting to socially responsible investors and their investment managers. F or a number of years, many Catholic health care systems have sought to align their investme...

2.1 Investment in education has played a central role in Sri Lankan government policy for several generations. Key aims of public education policy have included: (i) enhancing economic equity; (ii) promoting inter-generational social mobility; (iii) increasing labor productivity and earnings through human capital accumulation; and (iv) producing a healthy and prosperous society. The economic an...

Since Target Date Funds (TDFs) became one of the default investment strategies for the 401(k) defined contribution (DC) beneficiaries, they have developed rapidly. Usually they are structured according to the principle “young people should invest more in equities”. Is this really a good recommendation for DC beneficiaries to manage their investment risk? The present paper relies on dynamic asse...