Title: The TODIM multi-criteria method applied to the ANBIMA ranking of Brazilian investment funds

Authors: Frederico Silva Valentim Sallum; Luiz Flavio Autran Monteiro Gomes; Maria Augusta Soares Machado

Addresses: Fuzzy Consultoria, Av. Nossa Senhora de Copacabana, 1376, Office # 302, CEP: 22060-002, Rio de Janeiro, RJ, Brazil ' Department of Research in Business Administration and Economics, Ibmec/RJ, Av. Presidente Wilson, 118, Office # 1110, CEP: 20030-020, Rio de Janeiro, RJ, Brazil ' Department of Research in Business Administration and Economics, Ibmec/RJ, Av. Presidente Wilson, 118, Office # 1110, CEP: 20030-020, Rio de Janeiro, RJ, Brazil

Abstract: ANBIMA, the Brazilian Financial and Capital Markets Association, monthly presents the ranking of investment funds management by category. This ranking makes available information about the management of resources from players that invested in funds in Brazil. The institutions that are included in this ranking are ordered based on the total amount of the net equity under management in all categories of investment funds. The research presented in this article applies the TODIM multi-criteria method for building the ANBIMA ranking of June 2017 using the ten best-positioned institutions. In order to accomplish this, each participating institution is considered as an alternative and each category of investment fund functions as a criterion. This allows for a comparison between the ANBIMA ranking against the ranking obtained by using the TODIM method. This comparison points to the possibility of making use of a new, enriched system to order the institutions based on pairwise analyses and taking into account expressions of gains and losses.

Keywords: ANBIMA ranking; management of investment funds; systems; ranking of investment funds; TODIM method.

DOI: 10.1504/IJBSR.2020.104147

International Journal of Business and Systems Research, 2020 Vol.14 No.1, pp.56 - 73

Received: 09 Apr 2018
Accepted: 04 Aug 2018
Published online: 20 Dec 2019 *

Full-text access for editors Full-text access for subscribers Purchase this article Comment on this article