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https://www.metodista.br/revistas/revistas-ims/index.php/OC/article/viewFile/2711/pdf_22
https://doi.org/10.15603/1982-8756/roc.v7n13p1-30

has been cited by the following article:

• TITLE: Relationship between Portfolio Distribution, Management, and Composition and the Performance of Brazilian Fixed-Income Investment Funds (2011-2018)

  AUTHORS: Bruno Boalin, Rafael Confetti Gatsios, Fabiano Guasti Lima, Rafael Moreira Antônio

  KEYWORDS: Fixed-Income Investment Funds, Sharpe Index, Performance

  JOURNAL NAME: Theoretical Economics Letters, Vol.10 No.2, April 23, 2020

  ABSTRACT: This study analyzes the relationship between portfolio distribution, management, and composition indicators and the performance of fixed-income funds in Brazil. It provides support to investors when making decisions regarding their investments. A sample composed of 1039 Brazilian fixed-income funds from January 2011 to December 2019 was analyzed using a panel data analysis methodology and considering robust standard errors. The performance fee charged by funds was found to be the variable that most helped increase the performance of Brazilian fixed-income funds. In addition, portfolios characterized by a higher proportion of fixed-income assets, less experienced management, managers concurrently responsible for a large number of funds, and greater net assets contributed substantially to improved fund performance, by generating the best risk-adjusted returns.