The performance evaluation of socially responsible investing mutual funds:take examples of U.S. asset management companies

• Main Author: 蕭美娟
• Other Authors: 董澍琦
• Format: Others
• Language: zh-TW
• Published: 2004
• Online Access: http://ndltd.ncl.edu.tw/handle/75918094263509562081

碩士 === 國立中興大學 === 高階經理人碩士在職專班 === 92 === Till now none of Mutual funds follows the socially responsible investing methodology in Taiwan. Lack of academic researches and practical operations made this research study SRI. This research aimed at bringing the relative knowledge and experience of SRI to public investors, asset management companies and industry enterprise, also wished to make them all value corporate social responsibility. At result, the Financial Supervisory Commission — Securities and Futures Bureau will place importance on SRI. In this research, the selected sample funds had been found over 5 years and all followed SRI methodology to invest in American stocks. Then the research evaluated the performance of the sample funds by the methods of Treynor、Sharpe and Jensen. SRI only invests in companies which considerate of social responsibility, such as ethics, environmental protection, social equitableness and safe and sound products. These kinds of companies will contribute lots of positive effects to society or at least won’t bring any negative effects. In recent years, SRI has gradually become the trend of global investment. More and more investors in the Western countries invested SRI mutual funds. However, it is still a long way to go in Asian’s asset management markets. As a matter of fact, the need of social responsible information from those investors is the best catalyst to make the issue of social responsibility seriousness. It also means the stronger power of public supervision. At last, it will cause more and more enterprises conscientiously look up social responsibility. Therefore here I truly hope that SRI funds will be found in the near future in Taiwan.