Brazilian Market Portfolio

Author/Editor:

Cristina Tessari ; Alexis Meyer-Cirkel

Publication Date:

March 10, 2017

Electronic Access:

Free Full Text (PDF file size is 1673 KB).Use the free Adobe Acrobat Reader to view this PDF file

Disclaimer: IMF Working Papers describe research in progress by the author(s) and are published to elicit comments and to encourage debate. The views expressed in IMF Working Papers are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.

Summary:

In recent years, Brazil has achieved substantial progress in capital market development by building a diversified investor base and expanding the menu of available financial instruments. In this context, we evaluated the invested Brazilian market portfolio for a period spanning 2005–15. This is a portfolio of all assets proportionally weighted by their market capitalization, and it is divided in eight broad categories: government bonds, equities, bank funding bonds, corporate bonds, real-estate, agribusiness, private-equity, and credit bonds. While the paper focuses on stylized facts related to market size, composition weighting and changes over time, the estimated market portfolio contains important information for policy makers and market participants alike.

Series:

Working Paper No. 17/51

Subject:

English

Publication Date:

March 10, 2017

ISBN/ISSN:

9781475586084/1018-5941

Stock No:

WPIEA2017051

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

38

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