Empirical-analytic research about the relationship between the cash flow of mutual funds and the performance of Sao Paulo stock exchange from 1995 to 2000. / Estudo empírico-analítico da relação entre o volume de recursos captados pelos fundos de ações e o desempenho da bolsa de valores de São Paulo no período entre 1995 e 2000

AUTOR(ES)
DATA DE PUBLICAÇÃO

2001

RESUMO

The goal of this study was to answer if, between 1995 and 2000, the flow of resources to the stock mutual funds has been conditioned to the capital market profits made by investors of the Sao Paulo Stock Exchange (BOVESPA) or, on the contrary, the capital market profits have been influenced by the ever growing resources flow from the mutual funds industry. To answer those two questions the Granger (1969) causality test was used with the rates of return of the investments in BOVESPA and the flow of resources from the asset managers, during the sample period.

ASSUNTO(S)

finanças bovespa comportamento fundos de ações finance sao paulo stock exchange mutual fund behaviour

ACESSO AO ARTIGO

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