Is New Ibovespa The Best Investment Option?

Ricardo Goulart Serra, Wilson Toshiro Nakamura
2016 Revista Brasileira de Gestão De Negócios  
Purpose -Verify whether Ibovespa, Old or New, could be the best alternative for investors, considering investment possibilities (risky and risk free) in the Brazilian market. Should investors put the portion of money that they allocate to risky assets into New Ibovespa? Are there more effi cient alternatives for investors? Design/methodology/approach -Th e Portfolio T was determined with the modern portfolio theory from a sample of 118 shares for 34 four-month periods. Equality of means and
more » ... ty of means and variance were tested by means of parametric and nonparametric tests, as appropriate. Findings -Studying New Ibovespa (calculated retroactively) in the period between
doi:10.7819/rbgn.v18i59.2541 fatcat:4qxpxqfyz5di3lyhho4hbkxjle