Yield Available for Tourism from Short-Term Investments: Evidence from Angola

Abstract

The present study aimed to contribute to a more informed view of the investment alternatives available in the Angolan financial market, which allow the realization of yields that can be channeled to consumer expenses such as those incurred in the context of tourism. To this end, a survey was carried out of the main valid alternatives for the investment of funds in the Angolan financial market, considering two possible alternatives: term deposits, with maturity of up to one year, and the purchase of securities: bonds and shares, also with maturity of up to one year. The main results indicate that in the short term, the alternatives that can provide the highest expected returns to potential tourists, who wish to use them for expenses related to tourism activities, are: term bank deposits at BIC, at an annual effective interest rate of 11.54% considering a daily capitalization period, and the purchase of shares in BODIVA.