The effect of guia exame's ratings on the Brazilian fund industryan analysis of net-worth flows
Eid Júnior, William; Carvalho, Mônica; Rochman, Ricardo Ratner
O documento é disponibilizado pela fonte de origem, que mantém a versão integral e as condições de uso.
Resumo
This paper infers the impact the publication Guia Exame (the guide) has on the Brazilian fund industry, more specifically on the ability the concerned funds develop on attracting new investment. The impact is measured using the event-study analysis based on the variation of net worth subsequently to the event of being rated, according to the methodology applied by the guide to rank the funds. We used five years of fund ratings according to Guia Exame (2000-2004) and analyzed the changes of these funds net worth. We also compared the event amongst different categories of funds. The results found confirm the expected effects according to star rankings and asset manager size in all years.
Ficha do documento
- Tipo
- Relatório
- Ano
- 2008
- Instituição
- Fundação Getulio Vargas
- Fonte
- Repositório da FGV
- Idioma
- Inglês
- Acesso
- Acesso aberto
- Identificador
- oai:repositorio.fgv.br:10438/2923
Conteúdos relacionados
- EstudoThe effect of guia exame’s ratings on the Brazilian fund industrySSRN · 2006
- DissertaçãoThe Covid-19 impact on the mutual funds industryFundação Getulio Vargas · 2022
- DissertaçãoThe implications of passive investments for active fund managementFundação Getulio Vargas · 2020
- DissertaçãoPerformance persistence of emerging markets equity mutual fundsFundação Getulio Vargas · 2018
