The performance of the faith and ethical investment products
A comparison before and after the 2008 meltdown
DOI:
https://doi.org/10.61190/fsr.v23i2.3133Keywords:
Faith based investment, Socially responsible investment, Downside risk, Mutual fundsAbstract
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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