文章基本信息

标题：DesempeÃ±o y Ranking de los Fondos Mutuos de Renta Variable en Chile desde 1992 a 1995
本地全文：下载
作者：Franco Parisi ; Antonio Parisi
期刊名称：Revista de Análisis Económico (RAE)
印刷版ISSN：0716-5927
电子版ISSN：0718-8870
出版年度：2010
卷号：12
期号：2
页码：100-123
语种：Spanish
出版社：ILADES & Universidad Alberto Hurtado
摘要：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.