The recent development and performance of ethical investments

Gillet, Philippe and Salaber-Ayton, Julie 2017. The recent development and performance of ethical investments. in: Lehner, O. (ed.) Routledge Handbook of Social and Sustainable Finance Routledge. pp. 530

Chapter titleThe recent development and performance of ethical investments
AuthorsGillet, Philippe and Salaber-Ayton, Julie
EditorsLehner, O.
Abstract

In this chapter, we assess the recent development and performance of ethical investments around the world. Ethical investments include both socially responsible investments (following Environmental, Social and Governance criteria) and faith-based investments (following religious principles). After presenting the development of each type of funds in a historical context, we analyse their ethical screening process, highlighting similarities and differences across funds and regions. This leads us to investigate their characteristics in terms of return and risk, and finally evaluate their historical performance using various risk-adjusted performance measures on a small sample of US funds. Hence we are able to not only compare the performance of each fund with each other and with traditional investments, but also assess their relative resilience to the 2007-08 financial crisis.

Book titleRoutledge Handbook of Social and Sustainable Finance
Page range530
Year2017
PublisherRoutledge
FileChapter Ethical funds open.pdf
Publication dates
Published2017
ISBN9781138777545

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