The Impact of Social Screening on Growth-Oriented Investment Strategies


Author: Lloyd S. Kurtz

Can investors really make profits and moral statements at the same time? Can they reward socially beneficial companies, while shunning the harmful ones?  The common view is that the two are mutually exclusive.  By comparing the performance of eight growth style money managers who handle both screened and unscreened accounts, the author explores whether performance variation among socially screened portfolio managers stems from the interaction of social screens with active management strategies.  His findings suggest that social screens are not a significant source of performance variation for growth managers.

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