01445nam a22002657a 450000100060000000300040000600500170001000800410002704000300006809000170009810000280011524500810014326000760022430000190030050500080031951900080032752006700033565000420100565000280104765000240107565000250109965000260112494200120115099900170116253482OSt20260707173256.0110110t        xxu||||| |||| 00| 0 eng d  aKENaSULcKENaSULdKENaSUL  c53482d53478  aViviers, Suzette977699  aSocially responsible (ethical) investing in south africa / cSuzette Viviers  aAuckland Park, South Africa . bAfrican Jounal of Business Ethicsc2005  avol.(pg 21-30)  aTOC  aTOC  aMore 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.   aSocially responsible investing977700  aFund performance977701  aSharpe ratio977702  aTreynor ratio977703  aJensen's Alpha977704  cARTxES  c53482d53478