<?xml version="1.0" encoding="ISO-8859-1"?><article xmlns:mml="http://www.w3.org/1998/Math/MathML" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance">
<front>
<journal-meta>
<journal-id>1665-5346</journal-id>
<journal-title><![CDATA[Revista mexicana de economía y finanzas]]></journal-title>
<abbrev-journal-title><![CDATA[Rev. mex. econ. finanz]]></abbrev-journal-title>
<issn>1665-5346</issn>
<publisher>
<publisher-name><![CDATA[Instituto Mexicano de Ejecutivos de Finanzas A.C.]]></publisher-name>
</publisher>
</journal-meta>
<article-meta>
<article-id>S1665-53462015000100087</article-id>
<title-group>
<article-title xml:lang="en"><![CDATA[Decomposition of the stocks returns in the sustainable index of the mexican stock exchange]]></article-title>
<article-title xml:lang="es"><![CDATA[Descomposición de la rentabilidad de las empresas en el Índice de Sostenibilidad de la Bolsa Mexicana de Valores]]></article-title>
</title-group>
<contrib-group>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Valencia-Herrera]]></surname>
<given-names><![CDATA[Humberto]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
</contrib-group>
<aff id="Af1">
<institution><![CDATA[,Instituto Tecnológico y de Estudios Superiores de Monterrey  ]]></institution>
<addr-line><![CDATA[México D.F.]]></addr-line>
<country>MX</country>
</aff>
<pub-date pub-type="pub">
<day>00</day>
<month>06</month>
<year>2015</year>
</pub-date>
<pub-date pub-type="epub">
<day>00</day>
<month>06</month>
<year>2015</year>
</pub-date>
<volume>10</volume>
<numero>1</numero>
<fpage>87</fpage>
<lpage>100</lpage>
<copyright-statement/>
<copyright-year/>
<self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_arttext&amp;pid=S1665-53462015000100087&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_abstract&amp;pid=S1665-53462015000100087&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_pdf&amp;pid=S1665-53462015000100087&amp;lng=en&amp;nrm=iso"></self-uri><abstract abstract-type="short" xml:lang="en"><p><![CDATA[The Mexican Sustainable Index with the composition at its beginning is less volatile and offers less return than the Mexican Exchange Index in the analyzed period, from January, 1995 to March, 2012. An equally weighted portfolio of the stocks in the Mexican Sustainable Index statistically offers less risk, but similar return to the Mexican Sustainable Index. Betas of the market premium factor, the market capitalization factor and the one-year momentum factor are statistically different from cero in the Fama French and Fama French Carhart model in the period of study for an equally weighted portfolio of stocks in the Mexican Sustainable Index. In the Fama French Carhart model, betas of the Mexican Sustainable Index change through time.]]></p></abstract>
<abstract abstract-type="short" xml:lang="es"><p><![CDATA[El Índice Mexicano de Sostenibilidad con la composición a su inicio es menos volátil y ofrece menos rendimiento que el Índice de Precios y Cotizaciones de la Bolsa de México en el período analizado, de Enero de 1995 a Marzo de 2012. Una cartera de acciones con igual ponderación en el Índice Mexicano de Sostenibilidad ofrece menor riesgo, pero retorno similar que el Índice Mexicano de Sostenibilidad. Betas de los factores premio de mercado, capitalización de mercado y momento a un año son estadísticamente diferentes a cero en los modelos Fama French y Fama French Carhart para una cartera de igual peso con acciones en el Índice Mexicano de Sostenibilidad en el período de estudio. En el modelo Fama French Carhart, las betas del Índice Mexicano de Sustentabilidad cambian en el tiempo.]]></p></abstract>
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<kwd lng="es"><![CDATA[Índice Mexicano de Sostenibilidad]]></kwd>
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<kwd lng="es"><![CDATA[Rendimiento]]></kwd>
<kwd lng="es"><![CDATA[Riesgo]]></kwd>
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