Performance of Australia's ethical funds
Tippet, John (2001) Performance of Australia's ethical funds. The Australian economic review, 34 (2). pp. 170-178. ISSN 0004-9018Full text for this resource is not available from the Research Repository.
Australia's three major public ethical investment funds achieved mixed financial success in the seven years to 30 June 1998, though on average the funds underperformed relative to the market. For the four-year and five-year holding periods to 30 June 1995 and 1996 respectively, the average holding-period returns for the three funds were less than the risk-free rate. This is strong evidence of investors incurring a financial discount for investing ethically and, with respect to the ethical investor's utility function, it is evidence of the marginal utility increasing as the ethical attributes of assets increase.
|Uncontrolled Keywords:||ethical, investment, ethical funds, Australia, economic|
|Subjects:||RFCD Classification > 340000 Economics
Faculty/School/Research Centre/Department > School of Economics and Finance
|Depositing User:||Ms Phung T Tran|
|Date Deposited:||23 Dec 2008 21:57|
|Last Modified:||26 Jul 2011 01:09|
|ePrint Statistics:||View download statistics for this item|
|Citations in Scopus:||17 - View on Scopus|
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