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Previous issue date: 2014-12-16 / The relationship between investment fund raising and performance are very common in the literature of Brazilian funds, and papers shown that investors make their investment decisions based on the recent performance of the funds, applying more in funds with good recent performance than funds that yield below the market average.This work is dedicated to, more than investigate the uptake ratio and performance of investment funds in Brazil, further study regarding the payback period longer considered by investors when choosing products to invest, that is, if you are already documented the literature that this behavior exists, we want to know: what is the exact performance period more analyzed by investors when choosing your funds? The results achieved through regression on panel with fixed time effect model is that the deadlines that have greater representation in the investor's choice are the windows from one month up to six months and from six months up to one year history, longer terms have the same positive relationship but fall considerably. / A relação entre captação e desempenho é muito estudada na literatura brasileira de fundos. Os artigos sobre o tema atestam que os investidores tomam suas decisões de investimentos baseados no desempenho recente dos fundos, aplicando mais em fundos com bom desempenho recente do que em fundos que rendem abaixo da média de mercado. Esse trabalho dedica-se a, mais do que investigar a relação entre captação e desempenho de fundos de investimentos no Brasil, aprofundar o estudo no tocante ao prazo de retorno mais considerado pelos investidores ao escolherem em qual fundo investir. O resultado alcançado através de nossas regressões em painel com efeito fixo de tempo é de que os prazos com maior representatividade na escolha do investidor são as janelas de um até seis meses e de seis meses até um ano de histórico. Prazos maiores têm a mesma relação positiva, mas caem consideravelmente.
| Identifer | oai:union.ndltd.org:IBICT/oai:bibliotecadigital.fgv.br:10438/13123 |
| Date | 16 December 2014 |
| Creators | Pereira, Bruno Rodrigo |
| Contributors | Rochman, Ricardo Ratner, Yoshinaga, Claudia Emiko, Escolas::EESP, Ferman, Bruno |
| Source Sets | IBICT Brazilian ETDs |
| Language | Portuguese |
| Detected Language | English |
| Type | info:eu-repo/semantics/publishedVersion, info:eu-repo/semantics/masterThesis |
| Source | reponame:Repositório Institucional do FGV, instname:Fundação Getulio Vargas, instacron:FGV |
| Rights | info:eu-repo/semantics/openAccess |
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