Elevada Rotatividade de Carteiras e o Desempenho dos Fundos de Investimento em Ações

Autor:	William Eid Junior, Pedro Luiz Albertin Bono Milan
Rok vydání:	2014
Předmět:	Fund of funds Finance Market portfolio Portfolio insurance business.industry Active management Portfolio General Medicine Passive management Performance fee Business Project portfolio management
Zdroj:	Brazilian Review of Finance. 12:469
ISSN:	1984-5146 1679-0731
DOI:	10.12660/rbfin.v12n4.2014.41445
Popis:	The active portfolio management aims to outperformance a market portfolio return, however, there is a great discussion among academics and practitioners about the real possibilities to outperformance the market portfolio return by an actively portfolio management. This paper shed light on Brazilian market, pursuing the impact of a high portfolio turnover rate in the performance of equity mutual investment funds. The study evidence high turnover rates negatively affecting the performance of the funds. Furthermore, the performance fee and the size effect are important aspects to acces better performance.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::c3b90eeb39d7ea5639450520e857cf36 https://doi.org/10.12660/rbfin.v12n4.2014.41445 Zobrazit plný text záznamu Plný text ve formátu PDF