Abstract:

Abstract Socially responsible investing is a growing investment philosophy that has gained profound interest in both the local and international context. Socially conscious investors are seeking alternative ways to make more responsible investment choices, especially since the Covid-19 pandemic. Although financial markets experienced a significant decrease owing to the pandemic, a more positive outcome was eminent by an increased demand in SRI products during this period. The aim of this study was to evaluate the performance of local SRI funds before, during and after the Covid-19 period. Comparatively evaluating the performance relative to the FTSE/JSE Responsible Investment Index and All Share Index, will assist investors (those with a heightened desire to invest responsibly) to establish if SRI funds were able to provide higher risk-adjusted returns than the comparable SRI and general equity markets. The results indicated that although larger returns were produced by SRI funds during the Covid-19 period and that significant differences were found relative to the two indices, SRI funds were not able to consistently outperform either index. Thus, socially conscious investors are likely to achieve higher risk-adjusted returns from the SRI index, although not receiving diversification benefits from investing in funds. Downloads Download data is not yet available. Downloads FULL TEXT Published 2023-01-14 How to Cite Sgammini, R. (2023). A Comparative Risk-adjusted Performance Evaluation of South African SRI Funds and the FTSE/JSE over the Covid-19 Period. International Journal of Economics and Financial Issues, 13(1), 46–55. https://doi.org/10.32479/ijefi.13717 More Citation Formats ACM ACS APA ABNT Chicago Harvard IEEE MLA Turabian Vancouver Download Citation Endnote/Zotero/Mendeley (RIS) BibTeX Issue Vol. 13 No. 1 (2023) Section Articles Most read articles by the same author(s) Mariska Muller, Suné Ferreira-Schenk, John George Jansen van Rensburg, Daniel Mokatsanyane, Ruschelle Sgammini, Tracking the Performance of Listed Shares: A Comparison Between JSE Single- and Dual-listed Shares , International Journal of Economics and Financial Issues: Vol. 12 No. 6 (2022) Thonifho Pollen Muridili, Ruschelle Sgammini, Sune Ferreira-Schenk, John George Jansen van Rensburg, Daniel Mokatsanyane, The Impact of Covid-19 on the Performance of Hedge Funds Compared to Mutual Funds in South Africa , International Journal of Economics and Financial Issues: Vol. 12 No. 6 (2022) Make a Submission Make a Submission Dergi Kapağı

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