tailieunhanh - European Responsible Investing Fund Survey 2012

Differences in performance are substantially higher in the 1997-2001 subperiod, suggesting that the outperformance of SRI funds that we document in this paper is largely driven by the first part of the sample period. We also investigate how our results are affected by the presence of SRI funds that perform little social screening. When we restrict the sample of SRI funds to include only those funds that perform intensive social screening, we obtain results similar to those obtained for the whole sample of SRI funds. Similarly, excluding funds that outsource social screening activities does not alter our conclusions regarding the. | European Responsible Investing Fund Survey 1 Table of contents ALFI FOREWORD KPMG FOREWORD EXECUTIVE SUMMARY I INTRODUCTION II DEFINITIONS METHODOLOGY Definitions Scope Methodology Limitations of the study Comparisons with other European studies III KEY RESULTS General industry overview Responsible Investing breakdown by sub-category and domicile IV CONCLUSION V LIST OF TERMS ACRONYMS VI INFORMATION SOURCES 2 3 4 7 8 8 14 15 18 19 21 21 24 32 33 .

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