The performance of the faith and ethical investment products

A comparison before and after the 2008 meltdown

Authors

  • Francisca M. Beer Department of Finance, California State University San Bernardino
  • James P. Estes Department of Finance, California State University San Bernardino
  • Charlotte Deshayes Department of Finance, California State University San Bernardino

DOI:

https://doi.org/10.61190/fsr.v23i2.3133

Keywords:

Faith based investment, Socially responsible investment, Downside risk, Mutual funds

Abstract

This article explores the risk and return characteristics of socially responsible investment and faith-based mutual funds before and after the market crisis of 2008. Findings show a high level of correlation between the indices studied as well as a higher volatility than the S&P 500. We also find a significant shift in the mix of performance and volatility of these funds before and after the crash of 2008. This is an important consideration for both planners and investors in making an informed decision that is tempered by both the intensity of their social or faith based investment preferences and resultant risk and return on those investments.

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Published

2014-06-01

How to Cite

Beer, F. M., Estes, J. P., & Deshayes, C. (2014). The performance of the faith and ethical investment products: A comparison before and after the 2008 meltdown. Financial Services Review, 23(2), 151–167. https://doi.org/10.61190/fsr.v23i2.3133

Issue

Vol. 23 No. 2 (2014): Summer 2014

Section

New Original Submission

License

Copyright (c) 2014 Academy of Financial Services

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