This paper studies the flow-performance relationship of three different investor groups in mutual funds: Households …

fund families show higher sales and redemption rates. Furthermore, family size also affects the flow-performance … relationship. On the one hand, investors in large families punish bad performance more, on the other, they also tend to sell …

This paper studies the flow-performance relationship of three different investor groups in mutual funds: Households …

fund families show higher sales and redemption rates. Further family size also affects the flow-performance relationship …

convexity of the flow-performance relationship varies with economic activity. We show that the effect is economically large and …

convexity of the flow-performance relationship varies with economic activity. We show that the effect is economically large and …

We analyze mutual fund flow–performance relationship using a novel sample of Chinese mutual funds that trade in a … past fund performance. However, the positive flow–performance relationship weakens when the stock market is divided into … samples in the U.S. and other countries, our results do not exhibit an asymmetric flow–performance relationship, nor do we …