01445nam a22002657a 4500 53482 OSt 20260707173256.0 110110t xxu||||| |||| 00| 0 eng d KENaSUL KENaSUL KENaSUL 53482 53478 Viviers, Suzette 77699 Socially responsible (ethical) investing in south africa / Suzette Viviers Auckland Park, South Africa . African Jounal of Business Ethics 2005 vol.(pg 21-30) TOC TOC More South African investors are integrating their personal values into their investment decisions. Research on the performance of socially responsible investment(RSI) funds, also called ethical funds, yields conflicting results. In this study, the risk adjusted performance of 14 local SRI funds have been evaluated vis-a-vis their respective benchmarks. The results of the Treynor and Sharpe ratios indicate that the majority of funds outperformed their respective benchmarks over the period 1July 2001 to 31st June 2004 and all but one fund posted positive Alphas. These results thus appear consistent with previous research which shows that ethics indeed pays. Socially responsible investing 77700 Fund performance 77701 Sharpe ratio 77702 Treynor ratio 77703 Jensen's Alpha 77704 ART ES 53482 53478