University of Twente Student Theses
Are green investment funds really that bad compared to conventional funds?
Glasmacher, P.M. (2020) Are green investment funds really that bad compared to conventional funds?
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| Abstract: | This thesis aims to provide an answer whether green investment or conventional investment Funds outperform the other in terms of risk-adjusted returns. The measures employed include the Treynor ratio, the Sharpe ratio and the Jensen's alpha. The technique employed uses a matched-pair approach over a ten-year period, to identify statistically significant out/-underperformance. The results provide mixed indications for which type of fund outperforms. Even though, some risk-adjusted-performance medians where differing, the majority of those measures did not differ to a statistically significant degree. However, green funds tend to be less exposed to market-risk, but bear higher fund specific-risk, compared to conventional funds. |
| Item Type: | Essay (Bachelor) |
| Faculty: | BMS: Behavioural, Management and Social Sciences |
| Subject: | 85 business administration, organizational science |
| Programme: | International Business Administration BSc (50952) |
| Link to this item: | https://purl.utwente.nl/essays/83682 |
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