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Desempeño y Ranking de los Fondos Mutuos de Renta Variable en Chile desde 1992 a 1995

Economic Analysis Review

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Title Desempeño y Ranking de los Fondos Mutuos de Renta Variable en Chile desde 1992 a 1995
Desempeño y Ranking de los Fondos Mutuos de Renta Variable en Chile desde 1992 a 1995
 
Creator Parisi, Franco
Parisi, Antonio
 
Subject —
 
Description In developed economies, Mutual Funds (MFs) show a poor return performance compared to simple investment strategies. The majority of the empirical evidence regarding the performance of MFs has been obtained using traditional time-invarying estimators. In this research, however, we vadilate the international evidence in the Chilean MF industry, using both the traditional method and the time-varying method. The time-varying method allows us to obtain time-varying coefficients, yielding robust performance results of the MFs and simple investment techniques. The conclusions of the poor return performance in the Chilean MFs industry can be considered robust due to the method used, in spite of the short time period studied. Also, the results suggest that the capital market regulator, agency could give small investors more information about the MF return performance, including measurements that consider both the return and risk.
Desempeño y Ranking de los Fondos Mutuos de Renta Variable en Chile desde 1992 a 1995
 
Publisher Universidad Alberto Hurtado - Facultad de Economía y Negocios
 
Contributor —
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Date 2010-03-08
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
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Format application/pdf
 
Identifier http://www.rae-ear.org/index.php/rae/article/view/143
 
Source Revista de Análisis Económico - Economic Analysis Review; Vol 12, No 2 (1997); 100-123
Revista de Análisis Económico – Economic Analysis Review; Vol 12, No 2 (1997); 100-123
0718-8870
0716-5927
 
Language spa
 
Relation http://www.rae-ear.org/index.php/rae/article/view/143/477