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Etiska och traditionella fonder på den svenska marknaden, en jämförande studie

Lindberg, Mikael and Nilsson, Andreas (2010)
Department of Economics
Abstract
The purpose of this thesis is to evaluate and compare ethical and traditional funds. There has been numerous attempts to investigate whether or not ethical investments are associated with a sacrifice in yield and we hope with this thesis to further the understanding of premiums in ethical investments on the Swedish market. In our paper we’re comparing different styles of funds through the use of a multifactor model. The index in our multifactor model consists of OMX Affärsvärldens Generalindex, S&P 1200 and Barclays Euro Aggregate Bond Index which were chosen to fit our different styles of funds. The time period we’ve chosen spans over 36 month, from 2006-10-30 to 2009-10-30. From the regression we derive excess of return and the... (More)
The purpose of this thesis is to evaluate and compare ethical and traditional funds. There has been numerous attempts to investigate whether or not ethical investments are associated with a sacrifice in yield and we hope with this thesis to further the understanding of premiums in ethical investments on the Swedish market. In our paper we’re comparing different styles of funds through the use of a multifactor model. The index in our multifactor model consists of OMX Affärsvärldens Generalindex, S&P 1200 and Barclays Euro Aggregate Bond Index which were chosen to fit our different styles of funds. The time period we’ve chosen spans over 36 month, from 2006-10-30 to 2009-10-30. From the regression we derive excess of return and the information ratio, with which we can compare funds’ performance. From this thesis we can conclude that there is no significant difference between ethical and regular fund investments. (Less)
Please use this url to cite or link to this publication:
author
Lindberg, Mikael and Nilsson, Andreas
supervisor
organization
year
type
M2 - Bachelor Degree
subject
keywords
economic systems, economic theory, econometrics, Economics, generalized Jensen’s alpha, excess return, information ratio, Ethical funds, multifactor model, economic policy, Nationalekonomi, ekonometri, ekonomisk teori, ekonomiska system, ekonomisk politik
language
Swedish
id
1585619
date added to LUP
2010-04-13 00:00:00
date last changed
2011-02-17 14:00:59
@misc{1585619,
  abstract     = {The purpose of this thesis is to evaluate and compare ethical and traditional funds. There has been numerous attempts to investigate whether or not ethical investments are associated with a sacrifice in yield and we hope with this thesis to further the understanding of premiums in ethical investments on the Swedish market. In our paper we’re comparing different styles of funds through the use of a multifactor model. The index in our multifactor model consists of OMX Affärsvärldens Generalindex, S&P 1200 and Barclays Euro Aggregate Bond Index which were chosen to fit our different styles of funds. The time period we’ve chosen spans over 36 month, from 2006-10-30 to 2009-10-30. From the regression we derive excess of return and the information ratio, with which we can compare funds’ performance. From this thesis we can conclude that there is no significant difference between ethical and regular fund investments.},
  author       = {Lindberg, Mikael and Nilsson, Andreas},
  keyword      = {economic systems,economic theory,econometrics,Economics,generalized Jensen’s alpha,excess return,information ratio,Ethical funds,multifactor model,economic policy,Nationalekonomi,ekonometri,ekonomisk teori,ekonomiska system,ekonomisk politik},
  language     = {swe},
  note         = {Student Paper},
  title        = {Etiska och traditionella fonder på den svenska marknaden, en jämförande studie},
  year         = {2010},
}