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Funds

In this page you find the NEFIN Equity Funds Report, a monthly ranking of Brazilian equity funds. For each fund in our sample we run a regression of daily excess return on Nefin's market and WML factors. We rank the funds based on the the t-value of the constant term of this regression. We call this the Skill Index, a measure of the skill of investment funds. We highlight the funds with Skill Indexes that are significant at the 5% level, both positive and negative.