Mutual Investments Funds in Shares in Brazil : Incentives, Management and Convergence

Mutual Investments Funds in Shares in Brazil : Incentives, Management and Convergence

This article analy zes patterns of convergence in series of return of investment funds in shares in Brazil, from the use of the methodology of Phillips and Sul (2007). Unlike the theory of portfolios and in disagreement with the characteristics of this market -regulation, t ransparency, effici...

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Bibliographic Details
Main Authors: Paulo Rogério Faustino Matos, Christiano Modesto Penna, Ana Balbina Gomes Silva
Format: Article
Language:English
Published: FUCAPE Business School 2015-01-01
Series:BBR: Brazilian Business Review
Subjects:
stock investment funds in brazil
clubs of convergence
performance weighted by risk
private and public management
collection of fees and incentives
Online Access:http://www.redalyc.org/articulo.oa?id=123035866006
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