Stock investment funds in Brazil: performance and management expertise

This article analyzes the stock investment fund market in Brazil and proposes dynamic rankings constructed from different risk-return metrics, during the period from 1998 to 2009. We find an uncommon level of persistence, mainly among the best performing funds, due to the expertise of the managers....

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Bibliographic Details
Main Authors: Paulo Rogério Faustino Matos, Artur Nave
Format: Article
Language:English
Published: FUCAPE Business School 2012-01-01
Series:BBR: Brazilian Business Review
Subjects:
Online Access:http://www.redalyc.org/articulo.oa?id=123040843001
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