Photo from academic.microsoft.com
Abstract We examine a sample of U.S. mutual funds and find that, between 2003 and 2018, 28 funds have changed their names to a sustainability-related appellation. Following the name change,… Click to show full abstract
Abstract We examine a sample of U.S. mutual funds and find that, between 2003 and 2018, 28 funds have changed their names to a sustainability-related appellation. Following the name change, we observe three main outcomes: (i) an increase in fund flows, (ii) a significant rise in portfolio turnover, and (iii) no substantial change in fund betas and alpha.
Keywords:
consequences greening;
fund flows;
green name;
fund;
name consequences
Journal Title: Finance Research Letters
Year Published: 2020
Link to full text (if available)
Share on Social Media: Sign Up to like & get
recommendations!
Journal Title: Finance Research Letters
Year Published: 2020
Link to full text (if available)
Share on Social Media: Sign Up to like & get
recommendations!