Online Appendix for "Portfolio Management under Multiple Regimes: Strategies that Outperform the Market" published by RAC-Revista de Administração Contemporânea

This file is the appendix of article "Portfolio Management under Multiple Regimes: Strategies that Outperform the Market" from Lewin and Campani (2020). Here, we present in Portuguese the mathematical procedures to set up the applied model following Campani, Garcia and Lewin (2020). This information allows the researcher to reproduce the model. Our research objective is to open field for a broader application of regime swithing models in asset allocation worldwide.本文件系Lewin与Campani（2020）所撰论文《多制度下的投资组合管理：跑赢市场的策略》的附录。本文以葡萄牙语呈现了遵循Campani、Garcia与Lewin（2020）的研究构建应用模型所需的数学推导流程，可助力研究者复现该模型。本研究的核心目标在于为全球资产配置领域内制度转换（regime switching）模型的更广泛应用开辟路径。