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dc.contributor.advisorRidolfo Neto, Arthur
dc.contributor.authorWeintraub, Abraham Bragança de Vasconcellos
dc.date.accessioned2013-11-06T20:01:43Z
dc.date.available2013-11-06T20:01:43Z
dc.date.issued2013-10-30
dc.identifier.citationWEINTRAUB, Abraham Bragança de Vasconcellos. The performance of open-end Brazilian fixed income mutual funds for retail clients. Dissertação (Mestrado Profissional em Administração de Empresas) - FGV - Fundação Getúlio Vargas, São Paulo, 2013.
dc.identifier.urihttp://hdl.handle.net/10438/11275
dc.description.abstractFrom a financial perspective, this dissertation analyzes the Brazilian mutual fund industry performance for an average retail client. The most representative funds for the local population, that are the fixed income open-end ones, will be selected and their performance will be measured aiming to answer if clients of this industry obtained a proper return over their investments in the period between August 2010 and August 2013. A proper return will be understood as the preservation of the purchasing power of the individual´s savings, what is achieved with a positive performance of a mutual fund after discounting taxes, administrative fees and inflation. After obtaining an answer for the previous question, this dissertation will explore a possible alternative solution: Tesouro Direto, that is an example of a financial approach that could foster the disintermediation between savings and investments through electronic channels. New electronic platforms, with a broader scope, could be utilized to increase the efficiency of funding productive investments through better remunerating Brazilian savings. Tesouro Direto may point towards a new paradigm.eng
dc.language.isoeng
dc.subjectFinancial researcheng
dc.subjectInvestment's performanceeng
dc.subjectMutual fundseng
dc.subjectStatistical modelingeng
dc.subjectElectronic platforms of investment (tesouro direto)eng
dc.titleThe performance of open-end Brazilian fixed income mutual funds for retail clientseng
dc.typeDissertationeng
dc.subject.areaAdministração de empresaspor
dc.contributor.unidadefgvEscolas::EAESPpor
dc.subject.bibliodataFundos de investimentopor
dc.subject.bibliodataFinanças - Métodos estatísticospor
dc.subject.bibliodataPoupança e investimento - Brasilpor
dc.subject.bibliodataInvestimentospor
dc.subject.bibliodataTesouro diretopor
dc.contributor.memberSheng, Hsia Hua
dc.contributor.memberAlmeida, Ricardo José de


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