Existing studies of country funds utilize return measures and do not consider the effects of investor risk specifically. We examine the time-varying asymmetric investor risk hypothesis for country fund premiums and find that volume and volatility in both the U.S. and foreign markets are generally important. While the U.S. volume and volatility are more important than similar foreign variables o...

The ethical constraints forced on an investment fund satisfy the fulfilment of humanitarian aims but may lower the investment profitability. Hence, when we measure the performance of ethical mutual funds we cannot disregard the ethical component. In this contribution we propose a performance indicator which considers the expected return, the investment risk, the ethical component and the subscr...

We examine the relations between mutual fund risk-taking behaviors and local religious beliefs. We find that funds located in regions with lower Protestant population or higher Catholic population tend to have higher volatilities of fund returns, consistent with Protestants (Catholics) being more (less) risk-averse compared to general population. The variation in systematic risk exposures expla...

I analyze the effect of monetary policy actions on the cross-section of equity returns. Based on earlier theoretical work for the monetary transmission mechanism one can argue that changes in monetary policy should produce differentiated effects on firms and stocks with different characteristics. By using different portfolio sorts the results show that the impact of monthly changes in the Feder...

This paper empirically examines and compares social responsibility investment funds to traditional funds, explores the performance of existing in China. Based on 64 (SRI Funds) this extracts data sample fund from fourth quarter 2016 2019 as conduct a comparative analysis difference between SRI terms return risk, then study funds. The results show that China’s socially responsible is insignifica...

This study aims to determine the performance of Sharia Mutual Funds which is very useful for investors in making investment decisions Funds. research focuses on Fixed Income The data were obtained from secondary published by Indonesia Stock Exchange and Bareksa form a report Net Asset Value Rate Return period 2018-2020. analyzed using risk rate return approach results reveal that with approach,...

Southern Sudan is one of the areas in eastern Africa most affected by visceral leishmaniasis (kala-azar), but lack of security and funds has hampered control. Since 2005, the return of stability has opened up new opportunities to expand existing interventions and introduce new ones.

Abstract We evaluate the hypothesis that investors seek portfolios display attractive return distributions in terms of Prospect Theory (PT). consider mutual fund market U.S. as an interesting testbed because are known to be return-chasing and about a half households own funds. Using monthly flow data from 1999–2019, we find funds attract higher net flows when they have better PT values. obtain ...