Subprime Crisis and Its Impact on the Brazilian Mutual Fund Industry

In: Jonathan A. Batten and Peter G. Szilagyi. (Org.). The Impact of the Global Financial Crisis on Emerging Financial Markets, Contemporary Studies in Economic and Financial Analysis, 2011

Posted: 9 Jan 2020

Date Written: December 18, 2011

Abstract

This chapter describes the evolution of the Brazilian investment fund industry and the impact of domestic and international crises on investors, managers and the main types of funds offered in Brazil. In particular, it explores the effect of the subprime crisis and shows that the first wave of this crisis had very little impact, but the second wave with the collapse of Lehman Brothers did have a major impact on risk, returns and flows of the mutual fund industry in Brazil.

Keywords: Mutual funds; Brazilian financial market; hedge funds; emerging markets; risk management; financial crises

JEL Classification: G01; G11; G15; G23; G32; G38

Suggested Citation

Varga, Gyorgy and Wengert, Maxim, Subprime Crisis and Its Impact on the Brazilian Mutual Fund Industry (December 18, 2011). In: Jonathan A. Batten and Peter G. Szilagyi. (Org.). The Impact of the Global Financial Crisis on Emerging Financial Markets, Contemporary Studies in Economic and Financial Analysis, 2011, Available at SSRN: https://ssrn.com/abstract=3506370

Gyorgy Varga (Contact Author)

FCE Consulting ( email )

Brazil
552125579284 (Phone)
552122655116 (Fax)

HOME PAGE: http://www.fce.com.br

Maxim Wengert

QuantumFinance ( email )

Praia do Flamengo 66/1720
66
Rio de Janeiro, 22210-903
Brazil

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