Munich Personal RePEc Archive

Algunos conceptos sobre la evaluación de portafolios de inversión

Ayala, Alfonso (2011): Algunos conceptos sobre la evaluación de portafolios de inversión.

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Abstract

In this paper we review the main theoretical financial indicators developed to evaluate investment portfolios, as Jensen’s Alpha, Treynor Index, based on risk as portfolio’s beta, as well as Sharpe’s index based on risk as volatility. Then, we show the fundamentals of conditional evaluation that can provide us additional elements in comparison with CAPM tradition, particularly in emerging markets.

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