We analyse the performance persistence and survivorship bias of Islamic and Socially Responsible Investment (SRI) funds. The remarkable growth of these two types of ethical funds over the last two decades raises the question of how non-financial attributes influence performance and performance...

This paper analyzes persistence in US equity mutual fund performance over the period 2001-2011 for both net and gross returns. We apply commonly-used measures of persistence, which we test using a set of simulated passive funds. In the first stage we apply contingency tables and transition...

Structured investment funds showed an important growth in the mutual fund industry. We analyze this type of fund’s demand using the experimental methodology which gives us perfect control over the characteristics of the funds and the information provided to the investor. Different types of...

This paper analyses the relationship between active management and performance in US equity mutual funds over the period 2001-2011 for both gross and net returns. Mutual funds achieve nonzero abnormal performance through strategies that produce differentiated results which are not captured by...

Islamic funds are an upcoming alternative to conventional funds, aided by the increasing prominence of Islamic finance. This paper contributes to the extant literature by comparing the performance of Islamic and conventional funds during crisis and recovery periods. In contrast to most previous...