Skip to main content

Main menu

  • Home
  • Current Issue
  • Past Issues
  • Videos
  • Submit an article
  • More
    • About JWM
    • Editorial Board
    • Published Ahead of Print (PAP)
  • IPR Logo
  • About Us
  • Journals
  • Publish
  • Advertise
  • Videos
  • More
    • Awards
    • Article Licensing
    • Academic Use
  • LinkedIn
  • Twitter

User menu

  • Sample our Content
  • Subscribe Now
  • Log in

Search

  • Advanced search
The Journal of Wealth Management
  • IPR Logo
  • About Us
  • Journals
  • Publish
  • Advertise
  • Videos
  • More
    • Awards
    • Article Licensing
    • Academic Use
  • Sample our Content
  • Subscribe Now
  • Log in
The Journal of Wealth Management

The Journal of Wealth Management

Advanced Search

  • Home
  • Current Issue
  • Past Issues
  • Videos
  • Submit an article
  • More
    • About JWM
    • Editorial Board
    • Published Ahead of Print (PAP)
  • LinkedIn
  • Twitter

Exchange Traded Funds as an International Diversification Tool for Socially Responsible Investors

Javier Rodríguez and Herminio Romero
The Journal of Wealth Management Winter 2019, jwm.2019.1.079; DOI: https://doi.org/10.3905/jwm.2019.1.079
Javier Rodríguez
is a professor at the Graduate School of Business of the University of Puerto Rico in San Juan, Puerto Rico. javier.rodriguez19@upr.edu
  • Find this author on Google Scholar
  • Find this author on PubMed
  • Search for this author on this site
  • For correspondence:
Herminio Romero
is a professor at the University of Puerto Rico – Carolina in Carolina, Puerto Rico. herminio.romero@upr.edu
  • Find this author on Google Scholar
  • Find this author on PubMed
  • Search for this author on this site
  • For correspondence:
  • Article
  • Info & Metrics
  • PDF
Loading

Click to login and read the full article.
Don’t have access? Sign up today to begin your trial of the PMR platform 

Abstract

This study assessed the true international diversification value of socially responsible exchange traded funds (SRI ETFs) that invest globally, in comparison with their more traditional counterparts. We used a two-step process to estimate international diversification value. First, we estimated orthogonal returns, which are the returns of a market free from the influence from other markets; then we used these in a two factor model to infer the exposure to international markets of SRI ETFs. Overall results showed that SRI ETFs international diversification value was significantly higher than that of conventional ETFs that also invest globally.

TOPICS: Analysis of individual factors/risk premia, exchange-traded funds and applications, developed markets, performance measurement

Key Findings

  • • ETFs are one of the fastest growing investment vehicles worldwide.

  • • Socially responsible investments are generating interest amongst investors, specially millennial.

  • • Global SRI ETFs provide better international diversification than traditional ETFs.

  • © 2019 Pageant Media Ltd
View Full Text

Don’t have access? Register today to begin unrestricted access to our database of research.

Log in using your username and password

Forgot your user name or password?
Next
Back to top

Explore our content to discover more relevant research

  • By topic
  • Across journals
  • From the experts
  • Monthly highlights
  • Special collections

In this issue

The Journal of Wealth Management: 22 (3)
The Journal of Wealth Management
Vol. 22, Issue 3
Winter 2019
  • Table of Contents
  • Index by author
Print
Download PDF
Article Alerts
Sign In to Email Alerts with your Email Address
Email Article

Thank you for your interest in spreading the word on The Journal of Wealth Management.

NOTE: We only request your email address so that the person you are recommending the page to knows that you wanted them to see it, and that it is not junk mail. We do not capture any email address.

Enter multiple addresses on separate lines or separate them with commas.
Exchange Traded Funds as an International Diversification Tool for Socially Responsible Investors
(Your Name) has sent you a message from The Journal of Wealth Management
(Your Name) thought you would like to see the The Journal of Wealth Management web site.
Citation Tools
Exchange Traded Funds as an International Diversification Tool for Socially Responsible Investors
Javier Rodríguez, Herminio Romero
The Journal of Wealth Management Aug 2019, jwm.2019.1.079; DOI: 10.3905/jwm.2019.1.079

Citation Manager Formats

  • BibTeX
  • Bookends
  • EasyBib
  • EndNote (tagged)
  • EndNote 8 (xml)
  • Medlars
  • Mendeley
  • Papers
  • RefWorks Tagged
  • Ref Manager
  • RIS
  • Zotero
Save To My Folders
Share
Exchange Traded Funds as an International Diversification Tool for Socially Responsible Investors
Javier Rodríguez, Herminio Romero
The Journal of Wealth Management Aug 2019, jwm.2019.1.079; DOI: 10.3905/jwm.2019.1.079
del.icio.us logo Digg logo Reddit logo Twitter logo CiteULike logo Facebook logo Google logo LinkedIn logo Mendeley logo
Tweet Widget Facebook Like LinkedIn logo

Jump to section

  • Article
    • Abstract
    • DATA AND METHODOLOGY
    • EMPIRICAL RESULTS
    • CONCLUSION
    • ADDITIONAL READING
    • REFERENCES
  • Info & Metrics
  • PDF

Similar Articles

Cited By...

  • No citing articles found.
  • Google Scholar
LONDON
One London Wall, London, EC2Y 5EA
United Kingdom
+44 207 139 1600
 
NEW YORK
41 Madison Avenue, New York, NY 10010
USA
+1 646 931 9045
pm-research@pageantmedia.com
 

Stay Connected

  • LinkedIn
  • Twitter

MORE FROM PMR

  • Home
  • Awards
  • Investment Guides
  • Videos
  • About PMR

INFORMATION FOR

  • Academics
  • Agents
  • Authors
  • Content Usage Terms

GET INVOLVED

  • Advertise
  • Publish
  • Article Licensing
  • Contact Us
  • Subscribe Now
  • Log In
  • Update your profile
  • Give us your feedback

© 2019 Pageant Media Ltd | All Rights Reserved | ISSN: 1534-7524 | E-ISSN: 2374-1368

  • Site Map
  • Terms & Conditions
  • Cookies
  • Privacy Policy