Portafolio de inversión en exchange traded funds (ETF ) de índices accionarios de mercados globales

Abstract

Exchange Traded Funds (ETFs) are investment funds traded the same way as stocks on different financial markets worldwide. ETFs are mostly traded on AMEX (American Stock Exchange), and most of them are designed to track a specific market index. Estimating an aggressive-moderated portfolio, by mixing ETFs that follow different stock markets around the world and using H. Markowitz Portfolio Selection Theory, provided outstanding results when comparing its performance to benchmark MCSI AC World Index. Performance was evaluated in terms of return and risk using the following indices: Sharpe, Jensen’s alpha, tracking error, Treynor and information coefficient.