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The performance of open-end Brazilian fixed income mutual funds for retail clients

Submitted by Abraham Weintraub (abrahambvw@gmail.com) on 2013-11-06T19:22:30Z
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Previous issue date: 2013-10-30 / From 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.

Identiferoai:union.ndltd.org:IBICT/oai:bibliotecadigital.fgv.br:10438/11275
Date30 October 2013
CreatorsWeintraub, Abraham Bragança de Vasconcellos
ContributorsSheng, Hsia Hua, Almeida, Ricardo José de, Escolas::EAESP, Ridolfo Neto, Arthur
Source SetsIBICT Brazilian ETDs
LanguageEnglish
Detected LanguageEnglish
Typeinfo:eu-repo/semantics/publishedVersion, info:eu-repo/semantics/masterThesis
Sourcereponame:Repositório Institucional do FGV, instname:Fundação Getulio Vargas, instacron:FGV
Rightsinfo:eu-repo/semantics/openAccess

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