Evaluation of Gender Equality and Other Unique Mutual Funds

Abstract

Mutual fund managers use different investment styles and benchmarks in achieving the objectives of the funds. Evaluating varied styles of these managers requires custom-made benchmarks. Sharpe (1992) Style methodology is applied to the monthly returns of Gender Equality and other unique mutual funds, over the recent period of January 2015 through February 2019, to identify accurate customized benchmarks. Sharpe’s model, with thirteen asset classes represented by thirteen ETFs, evaluates and ranks the performance of these mutual funds. An investor who selects mutual funds based on both style and volatility may retain better control over style mix of the total portfolio.