Performance e captação de fundosquais janelas de retorno são mais relevantes?

Resumo

The relationship between investment fund raising and performance are very common in the literature of Brazilian funds, and papers shown that investors make their investment decisions based on the recent performance of the funds, applying more in funds with good recent performance than funds that yield below the market average.This work is dedicated to, more than investigate the uptake ratio and performance of investment funds in Brazil, further study regarding the payback period longer considered by investors when choosing products to invest, that is, if you are already documented the literature that this behavior exists, we want to know: what is the exact performance period more analyzed by investors when choosing your funds? The results achieved through regression on panel with fixed time effect model is that the deadlines that have greater representation in the investor's choice are the windows from one month up to six months and from six months up to one year history, longer terms have the same positive relationship but fall considerably.

Ficha do documento

Tipo

Dissertação

Ano

2014

Instituição

Fundação Getulio Vargas

Fonte

Repositório da FGV

Idioma

Português

Acesso

Não informado

Identificador

oai:repositorio.fgv.br:10438/13123

Temas

Economia

Palavras-chave

Fund raisingPerformanceRecent performance in the investor's choiceDeadlines that have greater representation in the investor's choiceCaptaçãoDesempenho recente na escolha do investidorPrazos mais representativos na escolha do investidorEconomiaFundos de investimento - BrasilDesempenhoInvestidores (Finanças) - Processo decisório