IDEAS home Printed from https://ideas.repec.org/a/fgv/eaerae/v42y2002i3a37618.html
   My bibliography  Save this article

Captação de recursos por fundos de investimento e mercado de ações

Author

Listed:
  • Sanvicente, Antonio Zoratto

Abstract

The paper discusses the contemporaneous and lagged association between aggregate mutual fund flows and stock market performance in Brazil. The goals of the paper are (1) to ascertain whether aggregate stock fund flows are determined by the behavior of stock market, currency exchange marketand interest rates, on a daily basis, and (2) to verify whether the behavior aggregate fund flows can be used to predict future stock market price behavior. With the aid of tools of time-series analysis, the results obtained herein indicate that the answer to the first question is affirmative, but that the answer to the second question is negative, a result supportive of the belief that the Brazilian stock market is semistrong efficient regarding information on fund flows.

Suggested Citation

  • Sanvicente, Antonio Zoratto, 2002. "Captação de recursos por fundos de investimento e mercado de ações," RAE - Revista de Administração de Empresas, FGV-EAESP Escola de Administração de Empresas de São Paulo (Brazil), vol. 42(3), July.
    • Handle: RePEc:fgv:eaerae:v:42:y:2002:i:3:a:37618
    as

    Download full text from publisher

    File URL: http://bibliotecadigital.fgv.br/ojs/index.php/rae/article/view/37618
    Download Restriction: no
    ---><---

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:fgv:eaerae:v:42:y:2002:i:3:a:37618. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Núcleo de Computação da FGV EPGE (email available below). General contact details of provider: https://edirc.repec.org/data/eagvfbr.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.