INVESTMENT FUNDS INDEXED TO THE US$ IN BRASIL A STUDY OF THEIR BEHAVIOUR IN THE PERIOD FROM JUN/2000 THRU JUL/2001 / FUNDOS REFERENCIADOS AO DÓLAR NO BRASIL: ESTUDO SOBRE SEU COMPORTAMENTO NO PERÍODO DE JUNHO/2000 A JUNHO/2001

AUTOR(ES)
DATA DE PUBLICAÇÃO

2001

RESUMO

The object of this study were the Investment Funds Indexed to the Dollar available to the general investor in the Brazilian market, from July/2000 to June/2001. In order to analyse their behaviour, the study discussed the theoretical background of the return rate curve for dollar related assets in Brazil and how it impacts their negotiations, by producing two different terms - the -clean- rate and the -dirty- rate. The main goal of the research was to find out if the funds could be separated into different clusters. In order to achieve this, two different aspects of the funds were studied - marketing and financial. Their marketing characteristics dealt with fees, minimum investment requirements, relevant day for the NAVPS and NAVPS availability. The financial characteristics were approached by their return and risk, benchmark and performance index analysis - thru the Sharpe Index and the Differential Return over the Sigma. The return and risk obtained for the funds were also compared to the return and risk observed in the domestic curve of the Brazilian risk up to 720 days.

ASSUNTO(S)

cupom cambial brasil fundos referenciados indexed investment funds return rate in us$ dollars brazil

ACESSO AO ARTIGO

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