Monday effect in Brazilian hedge funds with immediate redemption

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• 作者：Samuel de Paiva Naves Mamede ^{mamede12@hotmail.com}Author Vitae ; Rodrigo Fernandes Malaquias ; ^{rodrigofmalaquias@gmail.com}Author Vitae
• 关键词：G1 ; G2
• 刊名：Research in International Business and Finance
• 出版年：2017
• 出版时间：January 2017
• 年：2017
• 卷：39
• 期：part_PA
• 页码：47-53
• 全文大小：516 K
• 卷排序：39

文摘

The weekday effect is well documented in stocks of financial markets. There is still opportunity for research about the Monday effect in investment funds. Our paper explores the Monday effect in a sample of Brazilian hedge funds with immediate redemption. Investment funds tend to present lower returns in Mondays, in comparison with other days of the week. The Monday effect in investment funds seems to be more prominent during periods with high inflation rates.