Matos, Paulo Rogerio Faustino; Rocha, José Alan Teixeira da - In: Brazilian Business Review 6 (2009) 1, pp. 21-41
In this article we analyze the capacity to price and predict the returns of stock mutual funds in the Brazilian market, using the capital asset pricing model (CAPM) and the factor models developed by Fama and French (1993) and Carhart (1997). The first results show an expected outcome: better...