Performance Comparison of Active and Passive Stock Funds Comparação do Desempenho dos Fundos de Ações Ativos e Passivos

Performance Comparison of Active and Passive Stock Funds Comparação do Desempenho dos Fundos de Ações Ativos e Passivos

We intend to investigate whether active portfolio managers have higher security selection ability than passive managers in Brazil. We built net monthly historical returns and estimated gross historical returns series from January 1996 till October 2006 of 626 stock mutual funds. We used the regressi...

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Bibliographic Details
Main Authors:	Bruno Ribeiro Castro, Andrea Maria Accioly Fonseca Minardi
Format:	Article
Language:	English
Published:	Brazilian Society of Finance 2009-04-01
Series:	Revista Brasileira de Finanças
Subjects:	security selection stock mutual fund performance active portfolio manage- ment market efﬁciency.
Online Access:	http://virtualbib.fgv.br/ojs/index.php/rbfin/article/view/1310

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