Modelización y optimización de la rentabilidad de fondos de inversión en Ecuador

Abstract

Abstract: The main objective of this work piece implies to determine a measurement to optimize equities within portfolios, linked with Ecuador's national reality and its incipient participation in capital markets, forming a path with the fact that few enterprises in our country are part of the stock exchange. By delivering alternatives to secure a better profitability, a multiplier effect can occur in the actual financial culture, as well as an impact in the destiny of Ecuadorian's savings in the near future, in the event of the implementation of new financial paradigms. In order to develop the present model, it was necessary to analyze information of Ecuadorian enterprises from the Bolsa de Valores de Quito database, considering the ones involved in economic activities within several productive sectors. Additionally, two enterprises from the financial sector were added, in order to verify the effectiveness of investing in them, while maintaining a low level of risk. In this article, it is empirically shown that, by means of the Solver tool, it's possible to develop different backgrounds of investment, which make easier to define the best options for investment with a low level of risk, given the fact the investor decides where to focus its level of participation on those which present higher stability within the market and won't have significative changes in the expected level of earnings.