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dc.contributor.authorEid Júnior, William
dc.contributor.authorRochman, Ricardo Ratner
dc.date.accessioned2016-02-25T15:13:30Z
dc.date.available2016-02-25T15:13:30Z
dc.date.issued2009-07
dc.identifier.urihttp://hdl.handle.net/10438/15569
dc.description.abstractDoes 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 in stocks and hedge funds. But in fixed income mutual funds the evidence is against the active management. We also analyze the determinants of significant alphas. For stocks and hedge funds the evidence suggests that old, big and active funds generate biggest alphas. In fixed income funds the evidence is not clear, only a positive relationship between size and alphas could be found.eng
dc.language.isoeng
dc.publisherSSRN
dc.subjectMutual fundseng
dc.subjectBrazileng
dc.subjectActive and passive managementeng
dc.titleDoes active management add value? The Brazilian mutual fund marketeng
dc.typeWorking Papereng
dc.subject.areaFinançaspor
dc.contributor.unidadefgvEscolas::EAESPpor
dc.subject.bibliodataInvestimentospor


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