A preliminary investigation into the performance of ethical investment funds

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dc.contributor.advisorHartzenberg,Trudien_ZA
dc.contributor.advisorLeiman, Anthonyen_ZA
dc.contributor.authorHalton, Lauraen_ZA
dc.date.accessioned2014-11-10T09:00:33Z
dc.date.available2014-11-10T09:00:33Z
dc.date.issued1996en_ZA
dc.descriptionBibliography: leaves 107-116.en_ZA
dc.description.abstractA common argument against ethical investment is that it earns lower returns than conventional portfolios and is thus contrary to the fiduciary responsibility of fund trustees. The theoretical base for this assertion is that ethical investment reduces the investment universe. Little, if any, importance has been attached to the financial performance of socially responsible firms, and whether superior performance negates the reduction in investment possibilities. This study shows that ethical funds do not necessarily underperform, and in fact, in many cases have outperformed similar conventional funds. The criteria applied by these funds are examined and some economic justifications for the success of such funds are suggested. Successful funds could form the basis for RDP targetted investments in South Africa.en_ZA
dc.identifier.apacitationHalton, L. (1996). <i>A preliminary investigation into the performance of ethical investment funds</i>. (Thesis). University of Cape Town ,Faculty of Commerce ,GSB: Faculty. Retrieved from http://hdl.handle.net/11427/9486en_ZA
dc.identifier.chicagocitationHalton, Laura. <i>"A preliminary investigation into the performance of ethical investment funds."</i> Thesis., University of Cape Town ,Faculty of Commerce ,GSB: Faculty, 1996. http://hdl.handle.net/11427/9486en_ZA
dc.identifier.citationHalton, L. 1996. A preliminary investigation into the performance of ethical investment funds. University of Cape Town.en_ZA
dc.identifier.ris TY - Thesis / Dissertation AU - Halton, Laura AB - A common argument against ethical investment is that it earns lower returns than conventional portfolios and is thus contrary to the fiduciary responsibility of fund trustees. The theoretical base for this assertion is that ethical investment reduces the investment universe. Little, if any, importance has been attached to the financial performance of socially responsible firms, and whether superior performance negates the reduction in investment possibilities. This study shows that ethical funds do not necessarily underperform, and in fact, in many cases have outperformed similar conventional funds. The criteria applied by these funds are examined and some economic justifications for the success of such funds are suggested. Successful funds could form the basis for RDP targetted investments in South Africa. DA - 1996 DB - OpenUCT DP - University of Cape Town LK - https://open.uct.ac.za PB - University of Cape Town PY - 1996 T1 - A preliminary investigation into the performance of ethical investment funds TI - A preliminary investigation into the performance of ethical investment funds UR - http://hdl.handle.net/11427/9486 ER - en_ZA
dc.identifier.urihttp://hdl.handle.net/11427/9486
dc.identifier.vancouvercitationHalton L. A preliminary investigation into the performance of ethical investment funds. [Thesis]. University of Cape Town ,Faculty of Commerce ,GSB: Faculty, 1996 [cited yyyy month dd]. Available from: http://hdl.handle.net/11427/9486en_ZA
dc.language.isoengen_ZA
dc.publisher.departmentGSB: Facultyen_ZA
dc.publisher.facultyFaculty of Commerceen_ZA
dc.publisher.institutionUniversity of Cape Town
dc.titleA preliminary investigation into the performance of ethical investment fundsen_ZA
dc.typeMaster Thesis
dc.type.qualificationlevelMasters
dc.type.qualificationnameMBusScen_ZA
uct.type.filetypeText
uct.type.filetypeImage
uct.type.publicationResearchen_ZA
uct.type.resourceThesisen_ZA
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