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Does active management add value? The Brazilian mutual fund market
Does active management add or destroy value? With a sample of 699 with four different main categories: stocks, fixed income, hedge and exchange rate mutual funds we conclude that the active management add value to investors ...
The effect of guia exame’s ratings on the Brazilian fund industry: an analysis of net-worth flows
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 ...