In this article, we examine a broad sample of socially responsible (SR) and conventional mutual funds with respect to nancial and ethical parameters. We cannot document profound differences in their nancial performance. With regard to ethical performance, we indeed nd that an investor who seeks to avoid the least ethical of all available funds can do so by purchasing SR mutual funds. Still, we ...

In this article, we examine a broad sample of socially responsible (SR) and conventional mutual funds with respect to financial and ethical parameters. We cannot document profound differences in their financial performance. With regard to ethical performance, we indeed find that an investor who seeks to avoid the least ethical of all available funds can do so by purchasing SR mutual funds. Stil...

financial literacy of investors reduces uncertainty on future decisions and increases predictability of investment policies in financial markets. thus, the lack of clear information on financial markets is a determining factor in the arrival of domestic and foreign capitals and their quick exit in case of crisis. the lack of transparency and basic knowledge on decisions and failure to provide r...

The weekend effect is described as the tendency for Monday security returns to be low (or negative) compared to other days of the week. The weekend effect may not be exploited by trading individual stocks because of transactions costs. However, the institutional characteristics of the US-based international open-end mutual funds may allow investors to exploit the weekend effect because mutual f...

top 20 ETFs by assets (with a combined total of $541 billion investor dollars) represent more than half of total equity ETF assets, and 17 of those 20 passively track traditional indices. The other three, representing $34 billion in assets, follow dividend strategies.2 invested in passive index funds (all U.S. and world equity mutual funds), but by November 2012, that number had risen to roughl...

appropriate function of active management in common investment funds function depend on factors such as diversification, identification papers unrealistic pricing, market timing, and so on. market timing are include changing the portfolio investment funds and market indices such as short-term bonds and make an asset depends on whether the market is expected in the whole of the assets to make be...

H alf of all of U.S. households own shares in one or more mutual funds, either directly or through personal or employer-sponsored retirement accounts. The growth in mutual fund investment has been dramatic. At the end of World War II, there were 73 mutual funds registered with the Securities and Exchange Commission holding $1.2 billion in assets (Investment Company Institute, 2003). By the end ...

During September 2008, soon after Lehman Brothers filed for Chapter 11 protection, the Reserve Primary Fund, a large and prominent money market mutual fund, “broke the buck”: it declared a net asset value that was less that the $1 per share that is standard for such funds as a result of marking down the value of Lehman debt in its portfolio. This event triggered a large number of redemptions fr...