Características dos investidores e alocação em açõesevidência com um banco de dados de uma consultoria de investimentos

Resumo

This research identifies the influence of socioeconomic and demographic variables, such as age, gender, time invested, field of work, marital status and type of service in the allocation of stocks using a database of clients of an investment consulting firm. Next, the present study evaluates if the financial guidance provided by this company implies a higher sharpe ratio. The main results reveal that individuals that have maintained an investment portfolio for a longer period, men, with majors that are related to exact sciences and that have more financial advise, have a greater probability of having stocks in their portfolio. Among the individuals that have stocks in their portfolio, those that have maintained an investment portfolio for a longer period, young and single, tend to have a larger allocation in stocks, of 35 percentage points more. The group of clients in the private segment (that have more financial guidance) tend to have less stocks, of 11 percentage points less. Lastly, it can be observed that this group has a Sharpe ratio of 2,8 while the retail group has a Sharpe ratio of 1,9.

Ficha do documento

Tipo

Dissertação

Ano

2018

Instituição

Fundação Getulio Vargas

Fonte

Repositório da FGV

Idioma

Português

Acesso

Acesso aberto

Identificador

oai:repositorio.fgv.br:10438/24608

Temas

EconomiaDados

Palavras-chave

Alocação de ativosCaracterísticas dos investidoresDecisões de investimentoFinanças comportamentaisHousehold financeAsset allocationInvestor characteristicsInvestment decisionsBehavioral financeEconomiaAções (Finanças)Investimentos - Processo decisórioInvestidores (Finanças)Finanças pessoais