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Asymmetric Flow-Performance Relationship: Case of Chinese Equity Funds

Year 2016, Volume: 6 Issue: 2, 492 - 496, 01.04.2016

Zia-ur-Rehman Rao Muhammad Zubair Tauni Ajid Ur Rehman

https://izlik.org/JA94NZ38HJ

Abstract

We investigate the relationship of fund flow and fund performance by using the sample of 557 Chinese equity mutual funds for the period of 11 years. We apply fund fixed effect regression model on unbalanced panel data and find that relationship between fund flow and fund performance is positive. Like previous studies, our findings also exhibit the asymmetric flow-performance relationship which implies that investors’ response is more sensitive to good past performance as compared to bad past performance. Furthermore, size and age of fund weaken the flow-performance relationship.

Keywords

Fund Flow Mutual funds China Flow-Performance Relationship

Year 2016, Volume: 6 Issue: 2, 492 - 496, 01.04.2016

Zia-ur-Rehman Rao Muhammad Zubair Tauni Ajid Ur Rehman

https://izlik.org/JA94NZ38HJ

Abstract

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Details

Other ID JA94TZ78KU
Authors

Zia-ur-Rehman Rao This is me

Muhammad Zubair Tauni This is me

Ajid Ur Rehman This is me

Publication Date April 1, 2016
IZ https://izlik.org/JA94NZ38HJ
Published in Issue Year 2016 Volume: 6 Issue: 2

Cite

APA Rao, Z.- ur-R., Tauni, M. Z., & Rehman, A. U. (2016). Asymmetric Flow-Performance Relationship: Case of Chinese Equity Funds. International Journal of Economics and Financial Issues, 6(2), 492-496. https://izlik.org/JA94NZ38HJ
AMA 1.Rao Z ur R, Tauni MZ, Rehman AU. Asymmetric Flow-Performance Relationship: Case of Chinese Equity Funds. IJEFI. 2016;6(2):492-496. https://izlik.org/JA94NZ38HJ
Chicago Rao, Zia-ur-Rehman, Muhammad Zubair Tauni, and Ajid Ur Rehman. 2016. “Asymmetric Flow-Performance Relationship: Case of Chinese Equity Funds”. International Journal of Economics and Financial Issues 6 (2): 492-96. https://izlik.org/JA94NZ38HJ.
EndNote Rao Z- ur-R, Tauni MZ, Rehman AU (April 1, 2016) Asymmetric Flow-Performance Relationship: Case of Chinese Equity Funds. International Journal of Economics and Financial Issues 6 2 492–496.
IEEE [1]Z.- ur-R. Rao, M. Z. Tauni, and A. U. Rehman, “Asymmetric Flow-Performance Relationship: Case of Chinese Equity Funds”, IJEFI, vol. 6, no. 2, pp. 492–496, Apr. 2016, [Online]. Available: https://izlik.org/JA94NZ38HJ
ISNAD Rao, Zia-ur-Rehman - Tauni, Muhammad Zubair - Rehman, Ajid Ur. “Asymmetric Flow-Performance Relationship: Case of Chinese Equity Funds”. International Journal of Economics and Financial Issues 6/2 (April 1, 2016): 492-496. https://izlik.org/JA94NZ38HJ.
JAMA 1.Rao Z- ur-R, Tauni MZ, Rehman AU. Asymmetric Flow-Performance Relationship: Case of Chinese Equity Funds. IJEFI. 2016;6:492–496.
MLA Rao, Zia-ur-Rehman, et al. “Asymmetric Flow-Performance Relationship: Case of Chinese Equity Funds”. International Journal of Economics and Financial Issues, vol. 6, no. 2, Apr. 2016, pp. 492-6, https://izlik.org/JA94NZ38HJ.
Vancouver 1.Zia-ur-Rehman Rao, Muhammad Zubair Tauni, Ajid Ur Rehman. Asymmetric Flow-Performance Relationship: Case of Chinese Equity Funds. IJEFI [Internet]. 2016 Apr. 1;6(2):492-6. Available from: https://izlik.org/JA94NZ38HJ