Subprime Crisis and its Impact on the Brazilian Mutual Fund Industry

Gyorgy Varga and Maxim Wengert

A chapter in The Impact of the Global Financial Crisis on Emerging Financial Markets, 2011, pp 581-609 from Emerald Group Publishing Limited

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 (search for similar items in EconPapers)
Date: 2011
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Persistent link: https://EconPapers.repec.org/RePEc:eme:csefzz:s1569-3759(2011)0000093021

DOI: 10.1108/S1569-3759(2011)0000093021

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