This study analyzes the performance of Brazilian Investment Funds between May 2001 and May 2006, using as a guideline the division in fixed-income funds and equity funds. The performance is evaluated in terms of risk and return, using Sharpe and Sortino indexes, with the returns and volatilities being also analyzed through t and F tests. The results indicate that the two categories did not present any significant statistical difference in terms of the mean return in the period. However, differences in the variance along the period generated a better risk x return relation for the fixed income funds, a result that is associated with the high interest rates that were experienced during that period.
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Publisher Info
Paper provided by University Library of Munich, Germany in its series MPRA Paper with number
2994.
Length: Date of creation: Apr 2007 Date of revision: Publication status: Published in Contabilidade Vista & Revista 18.1(2007): pp. 95-116 Handle: RePEc:pra:mprapa:2994
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