Silva, Sergio Da; Newton Da Costa, Jr; Tusi, Joao; … - In: Economics Bulletin 13 (2005) 2, pp. 1-6
We evaluate the performance of 307 Brazilian stock mutual funds employing stochastic frontiers. We list the top ten actively managed funds and the bottom ten for the period April 2001-July 2003, and show that a fund's efficiency increases with management skill to beat the market. We also find...
