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.
Varga, G. and Wengert, M. (2011), "Subprime Crisis and its Impact on the Brazilian Mutual Fund Industry", Batten, J.A. and Szilagyi, P.G. (Ed.) The Impact of the Global Financial Crisis on Emerging Financial Markets (Contemporary Studies in Economic and Financial Analysis, Vol. 93), Emerald Group Publishing Limited, Bingley, pp. 581-609. https://doi.org/10.1108/S1569-3759(2011)0000093021
Emerald Group Publishing Limited
Copyright © 2011, Emerald Group Publishing Limited