Understanding the relationship between fund flows and past performance in Australian managed funds

Paramati, S, Mo, D and Gupta, R 2015, 'Understanding the relationship between fund flows and past performance in Australian managed funds', Financial Planning Research Journal, vol. 1, no. 1, pp. 73-80.


Document type: Journal Article
Collection: Journal Articles

Title Understanding the relationship between fund flows and past performance in Australian managed funds
Author(s) Paramati, S
Mo, D
Gupta, R
Year 2015
Journal name Financial Planning Research Journal
Volume number 1
Issue number 1
Start page 73
End page 80
Total pages 8
Publisher Griffith University
Abstract This study aims to understand the prevailing literature which examined the effect of past performance of funds, risk of the funds, choice of fund legislation and the global financial crisis on the fund flows among the different asset classes in Australia. The empirical findings of previous studies document that retail funds are more sensitive to the past performance of funds than those of wholesale segment. These studies further argue that risk of the funds seems to be ineffective in explaining the fund flows. Findings also report that the choice of fund legislation has resulted in attracting more funds into the managed funds. Finally, in the post global financial crisis period, there is a significant inflow of funds into the managed and equity funds.
Subject Finance
Keyword(s) Fund flows
Past performance
GFC
Managed funds
Copyright notice © 2015 Financial Planning Research Journal
ISSN 2206-1355
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