The aim of this study is to analyze whether creating an own category for Socially Responsible Investment Funds (FISR) in Brazil generates time series changes in heritage and cash flow of these funds. We studied all FISR Brazilians during the period 2001 to 2009. The methodology used was the Box & Jenkins (1970) and interventions. The results reveal interventions in the two variables; however, the interventions take place before the change of category. Another important conclusion is that the category change does not cause alterations in the time series of the two variables considered.

Este artículo aborda las crisis financieras y los principales tipos de inversiones financieras, teniendo como objetivo general analizar el impacto que las crisis financieras causan en la compra de joyas en la empresa Ouro Scheffer. Para ello, se hizo necesario revisar los conceptos de los principales tipos de inversiones en renta variable y renta fija, histórico del oro y mapear las principales crisis financieras. Para alcanzar el objetivo de este estudio, se realizó una investigación de carácter aplicada, cuantitativa, con análisis de tres series temporales: Ouro, Ibovespa y Recetas de ventas de joyas de la empresa Ouro Scheffer. Los resultados encontrados demuestran que las principales crisis financieras de 1999 y 2008 tuvieron impacto en la serie temporal de ventas de joyas. También fue posible conocer el impacto que las crisis causaron en las series temporales Ouro e Ibov...

Mutual funds and pension funds are the most important investment products in Spain. Nonetheless, it should not be confused with each other, or take them as equivalent; since the latter have also the characteristic of a long-term savings product, in order to obtain additional funds for retirement. These differences may influence the investor when deciding on one of these instruments, but also the manager, developing different management strategies.Therefore, on this paper we examine the main magnitudes of both markets in Spain. Moreover, we analyze the performance of two Spanish fund samples (one with global equity mutual funds and another with global equity pension funds) with the purpose of showing if their performance is efficient, and if there are differences on their management.