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a systematic deterioration of the return/risk trade-off for the investor. certainly, restricting the investment universe does shift down the efficient frontier in comparison with the unrestricted case. Looking on the outcomes, the socially accountable funding style apparently performs significantly well in rising markets. I study the dynamics of investor cash flows in socially accountable mutual The hottest to my wife you would realize how much i love you hearts necklacefunds. Consistent with anecdotal proof of loyalty, the month-to-month volatility of investor cash flows is decrease in socially responsible funds than in standard funds. I discover strong proof that money flows into socially responsible funds are extra delicate to lagged constructive returns than cash flows into typical funds, and weaker evidence that money outflows from socially responsible funds are less sensitive to lagged unfavorable returns. These outcomes indicate that buyers derive utility from the socially responsible attribute, particularly when returns are optimistic. The objective of this paper is to supply a new gender-conscious framework to offer a

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