文章基本信息

标题：HIGH PORTFOLIO TURNOVER AND PERFORMANCE OF EQUITY MUTUAL FUNDS
本地全文：下载
作者：Pedro Luiz Albertin Bono Milan ; William Eid Junior
期刊名称：Brazilian Review of Finance
印刷版ISSN：1984-5146
出版年度：2015
卷号：12
期号：4
页码：469-497
语种：Portuguese
出版社：Link to the Brazilian Society of Finance
摘要：The active portfolio management aims to outperformance a market portfolio return, however, there is a great discussion among academics and practitioners about the real possibilities to outperformance the market portfolio return by an actively portfolio management. This paper shed light on Brazilian market, pursuing the impact of a high portfolio turnover rate in the performance of equity mutual investment funds. The study evidence high turnover rates negatively affecting the performance of the funds. Furthermore, the performance fee and the size effect are important aspects to acces better performance.
关键词：equity mutual funds, active portfolio management, portfolio turnover rate, performance;fundos de investimento em ações, gestão ativa de carteiras, rotatividade de carteiras, desempenho