The aim of this study is to analyze the existing of the relationship between the performance and the increase of the patrimony of the Brazilian Equity Investment Funds. We used data from 459 funds, 321 of these from the IBOVESPA and 138 from the IBX, from 1997 to 2006, whose behavior has been...

Exact, resampling, and Pearson type III permutation methods are provided to compute probability values for Piccarreta's nominal-ordinal index of association. The resampling permutation method provides good approximate probability values based on the proportion of resampled test statistic values...