Investimentos em previdência privada fechada: uma análise comparativa com outras opções de aplicações financeiras no Brasil

Abstract

This paper aims to analyze financial investments available in the four largest financial institutions in the Brazil, in the period from 2005 to 2008, to identify whether the applications in pension fund plan provided higher returns compared to those options. In the empirical research, characterized by being descriptive and quantitative, we used the Analysis of Variance (ANOVA) and the "t-test" to verify whether the means of these groups are analyzed statistically different. The results indicated that the highest cumulative returns were presented by the pension fund plans. Thus, the investor must be aware of the various aspects related to the applications available in the market, paying attention to management fees, loading and other products "embedded" that can, in the long run, affect the profitability and hence the formation of financial reserves.