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Diversifieringsmöjligheter och deras effekt på avkastning: en jämförande studie av etiska och traditionella fonder
Södertörn University, School of Social Sciences.
Södertörn University, School of Social Sciences.
2014 (Swedish)Independent thesis Basic level (degree of Bachelor), 10 credits / 15 HE creditsStudent thesisAlternative title
Possibilities in Diversification and it’s effect on perfomance : a comparative study of ethical and traditional mutual funds (English)
Abstract [en]

Aim: Based on portfolio theory, which highlights diversification, and CSR, which describes the value of social and ethical responsibility of corporations, this study examines whether there is a difference in risk-adjusted performance between ethical and traditional mutual funds. Ethical funds are limited in their opportunities of diversification and should therefore be limited in their potential perfomance. On the other hand, a focus on social and ethical responsibility can be profitable.

Method: The study uses a quantitative approach where we used 25 mutual fund in each category, ethical and conventional mutual funds. The mutual funds and their data has been obtained from www.morningstar.se and www.pensionmyndigheten.se. Historical performance between 2009-2013 were processed to obtain the Sharpe ratio and M2. For comparison a independent t-test is used.

Result & Conclusions: Although ethical and traditional mutual funds have different diversification opportunities, the results indicate no significant difference in risk-adjusted performance between ethical and conventional funds.

Place, publisher, year, edition, pages
2014. , 37 p.
Keyword [en]
Ethical mutual funds, conventional mutual funds, diversification, CSR, Sharpe ratio, M2
Keyword [sv]
Etiska fonder, traditionella fonder, diversifiering, CSR, Sharpekvot, M2
National Category
Business Administration
Identifiers
URN: urn:nbn:se:sh:diva-24494OAI: oai:DiVA.org:sh-24494DiVA: diva2:742861
Subject / course
Business Studies
Presentation
2014-06-03, 17:05 (Swedish)
Uppsok
Social and Behavioural Science, Law
Supervisors
Examiners
Available from: 2014-09-03 Created: 2014-09-02 Last updated: 2014-09-03Bibliographically approved

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CiteExportLink to record
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Citation style
  • apa
  • ieee
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  • de-DE
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  • nn-NB
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  • Other locale
More languages
Output format
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