Mutual Fund Performance: An Empirical Decomposition into Stock-Picking Talent, Style, Transactions Costs, and Expenses

The World Bank‟s green bonds have been well received by investors since they were structured to have simple and standard financial features, such as equivalent credit quality and yield levels to other World Bank triple-A rated bonds so that there is no sacrifice to the end-investor in terms of returns. They were also issues into a liquid market and can be as easily traded as other „plain vanilla‟ bonds issued by the World Bank. Because of these predictable and attractive features and the dedication to climate change, they attracted the interest of a broad range of investors – ...