Purpose: This study examines the risk-adjusted performance of socially responsible exchange traded funds (SR ETFs) in comparison to conventional ETFs. Design/methodology/approach: The main empirical result is based on a risk-adjusted performance metric that does not rely on a linear framework....

Purpose – The purpose of this paper is to examine the risk-adjusted performance of US-based global real estate mutual funds (GREMFs) with emphasis on their ability to manage their domestic and foreign portfolios exposures. Design/methodology/approach – The paper applies common econometric...

Purpose This paper aims to study the market timing skill of USA-based foreign open-end mutual funds in their geographical focus market. Design/methodology/approach The authors use daily fund data and two multi-factor extensions of the Treynor-Mazuy (1966) and Henriksson-Merton (1981) timing...

Purpose: Patents and patent citations provide a solid signal to investors about a firm’s innovation agenda. This signal can be even more useful for investors demanding securities from foreign firms, given the asymmetric information and adverse selection risk they face. This study aims to...

Purpose: This study examines the influence of the presidential elections on the behaviour of US investors according to the trading activity of two of the most popular investment vehicles: exchange-traded funds and close-ended funds. Design/methodology/approach: Based on the fact that investors...

Purpose The purpose of this paper is to examine the shifts in investor sentiment around the last seven US presidential elections (1988 through 2012). Design/methodology/approach Investor sentiment is measured by changes in closed-end funds discounts, and the results are corroborated with three...