Gharghori, Philip; Sujoto, Charly; Veeraraghavan, Madhu - In: Australian Journal of Management 32 (2008) 3, pp. 525-544
This paper examines the smart money effect on Australian superannuation funds. Specifically, we investigate whether … Australian investors make smart choices in selecting funds. We build on previous research which shows that sophisticated … in that we fail to uncover supporting evidence for a smart money effect in the Australian superannuation fund industry …