Efficiency evaluation of sustainable mutual funds

  • Renata Legenzova
  • Gintarė Leckė
Keywords: Sustainability; Mutual funds; Efficiency evaluation


The purpose of this paper is to evaluate conventional and sustainable mutual funds efficiency and determine the impact of the fund‘s main characteristics on sustainable mutual fund efficiency. The results of the research show that United Kingdom and United States sustainable mutual funds have higher level of efficiency com­pared to conventional mutual fund‘s and stock market indices. Also the main characteristics of sustainable mutual funds do not have a significant effect on the efficiency of analyzed sustainable mutual funds.


Download data is not yet available.
Finance and Financial Economics