PT  - JOURNAL ARTICLE
AU  - Esmeralda O. Lyn
AU  - Edward J. Zychowicz
TI  - The Impact of Faith-Based Screens on Investment Performance
AID  - 10.3905/joi.2010.19.3.136
DP  - 2010 Aug 31
TA  - The Journal of Investing
PG  - 136--143
VI  - 19
IP  - 3
4099  - https://pm-research.com/content/19/3/136.short
4100  - https://pm-research.com/content/19/3/136.full
AB  - There has been a phenomenal rise in faith-based investing in recent years. A very important question arises: do investors sacrifice satisfactory economic returns by making ethically and socially responsible investing decisions based on their faith? Using data on 36 faith-based mutual funds, this article reviews and extends previous research on the performance of faith-based investing. It examines the performance of these faith-based funds over three different five-year periods from May 2001 to February 2008. By applying a comprehensive set of tests, the authors find evidence that faith-based funds mostly outperform the market. The results also suggest that faith-based funds do better than socially responsible investing funds in general.TOPICS: Security analysis and valuation, performance measurement, risk management