The impact of carbon neutrality on the investment performance: Evidence from the equity mutual funds in BRICS

Recent years have witnessed phenomenal growth in both the number and size of US based international equity mutual funds. While the benefits of international diversification are well documented in the literature, empirical research relating to the performance of international mutual funds has been limited and contradictory. The purpose of this study is to examine the impact of political risk on the risk-adjusted returns of international mutual funds using a modified event study methodology. More specifically, the dummy variable event study methodology using portfolios rather than individual funds is used. This methodology addresses the problems of multiple event days and calendar clustering. The macro political risk event of interest is the Iraqi invasion of Kuwait. Results of the study suggest that shareholders of international equity mutual funds earn significant abnormal returns in the face of political turmoil.

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The investment performance, attributes, and investment behavior of ethical equity mutual funds in the US: an empirical investigation

Review of Quantitative Finance and Accounting ◽

10.1007/s11156-016-0581-1 ◽

2016 ◽

Vol 49 (1) ◽

pp. 91-116 ◽

Cited By ~ 3

Author(s):

Shafiqur Rahman ◽

Cheng-Few Lee ◽

Yaqing Xiao

Keyword(s):

Mutual Funds ◽

Empirical Investigation ◽

Investment Behavior ◽

Investment Performance ◽

Equity Mutual Funds ◽

The Us

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Analiza wpływu wybranych czynników na popyt na usługę zarządzania funduszem inwestycyjnym

Ekonomia ◽

10.19195/2084-4093.24.2.2 ◽

2018 ◽

Vol 24 (2) ◽

pp. 23-38

Author(s):

Adam Łukojć ◽

Iwona Białomazur

Keyword(s):

Mutual Funds ◽

Mutual Fund ◽

Financial Statements ◽

Fund Flows ◽

Fund Management ◽

Investment Performance ◽

Main Factors ◽

Mutual Fund Flows ◽

Fund Size ◽

The Impact

Analysis of the impact of selected determinants on the demand for mutual fund management servicesThe authors try to identify the main factors impacting the value of inflows to mutual funds in Poland. The inflows to mutual funds are compared to the following data: costs total expense ratios, investment performance in the current and previous year, and fund size. The data was collected from 451 financial statements of Polish mutual funds, for the years 2012–2016. The funds belong to three categories: bond, equity, small, and mid cap equity. The findings suggest that the connection between the funds fees — the price — and inflows to funds is relatively weak. Investment performance in the same year is the only factor that shows significant correlation with mutual fund flows.

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