Supplementary Files
Keywords
CLUSTER ANALYSIS
INVESTORS
PARTITION AROUND MEDOIDS (PAM)
COSTA RICA
FONDOS DE INVERSIÓN
INVERSIONISTAS
ANÁLISIS DE CONGLOMERADO
PARTICIÓN ALREDEDOR DE MEDOIDS (PAM)
COSTA RICA
How to Cite
Abstract
Mutual funds are frequently classified according to their investment objective; however, this methodology does not guarantee that the products formed in the same group have a similar level of return, risk, and performance. For this reason, this study proposes a classification method using the conglomerate analysis technique for the 92 mutual funds in the Costa Rican market. As a result, it was possible to separate the 92 mutual funds into 8 different groups by the grouping method called partition around medoids (PAM). This proposal can facilitate investors and other actors better strategic planning and decision making from a financial perspective.
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