TAILIEUCHUNG - Performance of Socially Responsible Investment Funds against an Efficient SRI Index: The Impact of Benchmark Choice when Evaluating Active Managers – An update

Motivated by the adverse effects of the financial crisis, in 2010 the Commission Directorate General for Employment, Social Affairs and Inclusion and the EIB made each available EUR 100m to the benefit of micro-enterprises and self-employment, with a particular emphasis on social inclusion and groups with limited access to the traditional banking system. Progress Microfinance represents the first ever EU-wide dedicated financing programme for the European microfinance sector, and in addition to financing capacity it also provided for the structural framework needed to absorb the various smaller microfinance pilot predecessors and evolve towards a much-called for ´one-stop-shop´ for EU supported. | An EDHEC-Risk Institute Publication EDHEC-RISK Institute Performance of Socially Responsible Investment Funds against an Efficient SRI Index The Impact of Benchmark Choice when Evaluating Active Managers - An update March 2012 This study updates an initial version released in 2011 and which was based on a three-year data history cf. Le Sourd 2011 . The present version includes one year of additional data and thus covers the period from 2008 to 2011. Printed in France. March 2012. Copyright EDHEC 2012. The opinions expressed in this study are those of the author and do not necessarily reflect those of EDHEC Business School. The author can be contacted at research@. Performance of Socially Responsible Investment Funds against an Efficient SRI Index The Impact of Benchmark Choice when Evaluating Active Managers - An update March 2012 Table of Contents Executive 1. Introduction and Motivation .7 2. Data and Methodology .11 3. Performance Analysis of SRI Funds Using Factor Models .17 4. Performance Analysis of SRI Funds with Respect to a Reference Index .21 About EDHEC-Risk Institute .47 EDHEC-Risk Institute Publications and Position Papers 2009-2012 .51 An EDHEC-Risk Institute Publication

• Quỹ đầu tư
• antiretroviral treatment
• Antiretroviral treatment
• HIV associated
• attending Medical
• survival among
• Emerging Infectious
• opportunistic infection
• Sub Saharan
• Antiretroviral adherence