We ascertain the performance and viability of alternative indexation after including all relevant costs. Onerous costs, associated with forgoing the automatic rebalancing of traditional price-weighted indexes, may occur as a consequence of the frequent trading required to replicate alternatives...

We examine the investment skill of socially responsible investment (SRI) fund managers. Prior studies use the ‘alpha’ from standard asset pricing models as a proxy for management skill. However, implicit in the use of such models is that managers operate under no investment constraints. In...