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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

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

Abstract

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Details

Other ID JA94TZ78KU
Journal Section Research Article
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
Published in Issue Year 2016 Volume: 6 Issue: 2

Cite

APA Rao, Z.-u.-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.
AMA Rao ZuR, Tauni MZ, Rehman AU. Asymmetric Flow-Performance Relationship: Case of Chinese Equity Funds. IJEFI. April 2016;6(2):492-496.
Chicago Rao, Zia-ur-Rehman, Muhammad Zubair Tauni, and Ajid Ur Rehman. “Asymmetric Flow-Performance Relationship: Case of Chinese Equity Funds”. International Journal of Economics and Financial Issues 6, no. 2 (April 2016): 492-96.
EndNote Rao Z-u-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 Z.-u.-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, 2016.
ISNAD Rao, Zia-ur-Rehman et al. “Asymmetric Flow-Performance Relationship: Case of Chinese Equity Funds”. International Journal of Economics and Financial Issues 6/2 (April 2016), 492-496.
JAMA Rao Z-u-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, 2016, pp. 492-6.
Vancouver Rao Z-u-R, Tauni MZ, Rehman AU. Asymmetric Flow-Performance Relationship: Case of Chinese Equity Funds. IJEFI. 2016;6(2):492-6.