Performance of Australia's ethical funds

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Tippet, John (2001) Performance of Australia's ethical funds. The Australian economic review, 34 (2). pp. 170-178. ISSN 0004-9018

Abstract

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.

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Item type Article
URI https://vuir.vu.edu.au/id/eprint/1266
DOI https://doi.org/10.1111/1467-8462.00186
Official URL http://dx.doi.org/10.1111/1467-8462.00186
Subjects Historical > RFCD Classification > 340000 Economics
Historical > Faculty/School/Research Centre/Department > School of Economics and Finance
Keywords ethical, investment, ethical funds, Australia, economic
Citations in Scopus 45 - View on Scopus
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