Asset selection in socially responsible Brazilian stock funds

Detalhes bibliográficos
Autor(a) principal: Martins, Luiza D.
Data de Publicação: 2015
Outros Autores: Lemme, Celso F., Leal, Ricardo Pereira Câmara
Tipo de documento: Relatório
Idioma: eng
Título da fonte: Repositório Institucional da UFRJ
Texto Completo: http://hdl.handle.net/11422/12308
Resumo: The Brazilian mutual fund industry is the fifth largest in the world. We produced a questionnaire based on well-known international methodologies to evaluate the asset selection practices of Brazilian SRI stock funds. We also compare industry allocations among funds and local stock indices. There were nine active Brazilian SRI stock funds by the end of 2011. There are more than 400 independent asset managers in Brazil but none managed a SRI fund. Asset managers employed by large financial conglomerates with vast retail clienteles manage them, suggesting that SRI funds may be part of an institutional image strategy. Brazilian SRI stock funds lack asset selection sophistication and need to improve the disclosure of their practices. SRI fund managers possibly make up for their poorer practices by informally indexing because their industry allocation is remarkably similar to a corporate sustainability stock index and across funds.
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spelling Asset selection in socially responsible Brazilian stock fundsFundos de investimentosCNPQ::CIENCIAS SOCIAIS APLICADAS::ADMINISTRACAOThe Brazilian mutual fund industry is the fifth largest in the world. We produced a questionnaire based on well-known international methodologies to evaluate the asset selection practices of Brazilian SRI stock funds. We also compare industry allocations among funds and local stock indices. There were nine active Brazilian SRI stock funds by the end of 2011. There are more than 400 independent asset managers in Brazil but none managed a SRI fund. Asset managers employed by large financial conglomerates with vast retail clienteles manage them, suggesting that SRI funds may be part of an institutional image strategy. Brazilian SRI stock funds lack asset selection sophistication and need to improve the disclosure of their practices. SRI fund managers possibly make up for their poorer practices by informally indexing because their industry allocation is remarkably similar to a corporate sustainability stock index and across funds.IndisponívelUniversidade Federal do Rio de JaneiroBrasilInstituto COPPEAD de AdministraçãoUFRJ2020-05-26T14:50:29Z2023-12-21T03:07:07Z2015info:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/reportMARTINS, Luiza D.; LEMME, Celso F.; LEAL, Ricardo Pereira Câmara. Asset selection in socially responsible Brazilian stock funds. Rio de Janeiro: UFRJ, 2015. (Relatórios COPPEAD, 415).97885750810201518-3335http://hdl.handle.net/11422/12308engRelatórios COPPEADMartins, Luiza D.Lemme, Celso F.Leal, Ricardo Pereira Câmarainfo:eu-repo/semantics/openAccessreponame:Repositório Institucional da UFRJinstname:Universidade Federal do Rio de Janeiro (UFRJ)instacron:UFRJ2023-12-21T03:07:07Zoai:pantheon.ufrj.br:11422/12308Repositório InstitucionalPUBhttp://www.pantheon.ufrj.br/oai/requestpantheon@sibi.ufrj.bropendoar:2023-12-21T03:07:07Repositório Institucional da UFRJ - Universidade Federal do Rio de Janeiro (UFRJ)false
dc.title.none.fl_str_mv Asset selection in socially responsible Brazilian stock funds
title Asset selection in socially responsible Brazilian stock funds
spellingShingle Asset selection in socially responsible Brazilian stock funds
Martins, Luiza D.
Fundos de investimentos
CNPQ::CIENCIAS SOCIAIS APLICADAS::ADMINISTRACAO
title_short Asset selection in socially responsible Brazilian stock funds
title_full Asset selection in socially responsible Brazilian stock funds
title_fullStr Asset selection in socially responsible Brazilian stock funds
title_full_unstemmed Asset selection in socially responsible Brazilian stock funds
title_sort Asset selection in socially responsible Brazilian stock funds
author Martins, Luiza D.
author_facet Martins, Luiza D.
Lemme, Celso F.
Leal, Ricardo Pereira Câmara
author_role author
author2 Lemme, Celso F.
Leal, Ricardo Pereira Câmara
author2_role author
author
dc.contributor.author.fl_str_mv Martins, Luiza D.
Lemme, Celso F.
Leal, Ricardo Pereira Câmara
dc.subject.por.fl_str_mv Fundos de investimentos
CNPQ::CIENCIAS SOCIAIS APLICADAS::ADMINISTRACAO
topic Fundos de investimentos
CNPQ::CIENCIAS SOCIAIS APLICADAS::ADMINISTRACAO
description The Brazilian mutual fund industry is the fifth largest in the world. We produced a questionnaire based on well-known international methodologies to evaluate the asset selection practices of Brazilian SRI stock funds. We also compare industry allocations among funds and local stock indices. There were nine active Brazilian SRI stock funds by the end of 2011. There are more than 400 independent asset managers in Brazil but none managed a SRI fund. Asset managers employed by large financial conglomerates with vast retail clienteles manage them, suggesting that SRI funds may be part of an institutional image strategy. Brazilian SRI stock funds lack asset selection sophistication and need to improve the disclosure of their practices. SRI fund managers possibly make up for their poorer practices by informally indexing because their industry allocation is remarkably similar to a corporate sustainability stock index and across funds.
publishDate 2015
dc.date.none.fl_str_mv 2015
2020-05-26T14:50:29Z
2023-12-21T03:07:07Z
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
dc.type.driver.fl_str_mv info:eu-repo/semantics/report
format report
status_str publishedVersion
dc.identifier.uri.fl_str_mv MARTINS, Luiza D.; LEMME, Celso F.; LEAL, Ricardo Pereira Câmara. Asset selection in socially responsible Brazilian stock funds. Rio de Janeiro: UFRJ, 2015. (Relatórios COPPEAD, 415).
9788575081020
1518-3335
http://hdl.handle.net/11422/12308
identifier_str_mv MARTINS, Luiza D.; LEMME, Celso F.; LEAL, Ricardo Pereira Câmara. Asset selection in socially responsible Brazilian stock funds. Rio de Janeiro: UFRJ, 2015. (Relatórios COPPEAD, 415).
9788575081020
1518-3335
url http://hdl.handle.net/11422/12308
dc.language.iso.fl_str_mv eng
language eng
dc.relation.none.fl_str_mv Relatórios COPPEAD
dc.rights.driver.fl_str_mv info:eu-repo/semantics/openAccess
eu_rights_str_mv openAccess
dc.publisher.none.fl_str_mv Universidade Federal do Rio de Janeiro
Brasil
Instituto COPPEAD de Administração
UFRJ
publisher.none.fl_str_mv Universidade Federal do Rio de Janeiro
Brasil
Instituto COPPEAD de Administração
UFRJ
dc.source.none.fl_str_mv reponame:Repositório Institucional da UFRJ
instname:Universidade Federal do Rio de Janeiro (UFRJ)
instacron:UFRJ
instname_str Universidade Federal do Rio de Janeiro (UFRJ)
instacron_str UFRJ
institution UFRJ
reponame_str Repositório Institucional da UFRJ
collection Repositório Institucional da UFRJ
repository.name.fl_str_mv Repositório Institucional da UFRJ - Universidade Federal do Rio de Janeiro (UFRJ)
repository.mail.fl_str_mv pantheon@sibi.ufrj.br
_version_ 1815456007324696576

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