Active Managers’ Outperformance in Brazilian Bond Funds: Skill or Price Distortion? (S&P Dow Jones)

There were impressive results for active managers in the Brazil Corporate Bond Funds category, with 93.6% of them beating the benchmark in March 2020 and 88.2% Q1 2020. However, were these performance results due to true skill?

This outperformance may be related to a market distortion. READ MORE

Similar Posts:

• The S&P Indices Versus Active (SPIVA) Latin America Scorecard (S&P Dow Jones Indices)
• Mark Mobius’ Contrarian Case for Investing in Brazil (Mobius Blog)
• Invesco Manager: Brazil a “Sinkhole of Corruption Still Searching for a Bottom” (Forbes)
• Latin American Stocks to Consider (Aberdeen)
• Political Reckonings Loom in Pivotal Elections Across Latin America (WPR)
• “Fragile Five” Emerging Markets No Longer That “Fragile” (AP)
• YPO CEO Survey: Brazil CEO Confidence Stagnates (YPO)
• Which Emerging Markets Have the Most Leveraged Stocks? (Bloomberg)
• Stocks with 10% or More Sales Exposure to Brazil (Goldman Sachs)
• Emerging Markets in the East Converging With Developed Markets in the West (Create Research)
• Brazil: What’s Gone Wrong Plus Four Scenarios (Miami Herald)
• Brazil Takes Big Reform Step (Franklin Templeton)
• Brazil’s Giant Problem: The State (WSJ)
• Brazil Readies $18.5B Public Spending Plan (Valor Econômico)
• Emerging Market Investors: Drop a Bric and Pick Up a Bimchip (Financial Times)