Tag Archives: Fund survivorship

Performance Analysis of Liquidated Funds in Brazil – Part II

In this blog, we estimate the impact of survivorship bias on the performance of active equity funds in Brazil compared with the benchmark, the S&P Brazil BMI. We do so by replicating the outperformance report from the SPIVA® Year-End 2017 Latin America Scorecard, while removing all the liquidated and merged funds. We noted in a Read more […]

Performance Analysis of Liquidated Funds in Brazil

Since 2015, S&P Dow Jones Indices has been reporting on the performance of actively managed equity funds in Brazil through the S&P Indices Versus Active (SPIVA®) Latin America Scorecard. Aside from the performance of the funds, we observed that a significant number of Brazilian equity funds have liquidated or merged within the past five years. Read more […]