Kempf, Alexander; Ruenzi, Stefan - In: Journal of Business Finance & Accounting 35 (2008-01) 1-2, pp. 177-199
This paper examines the influence of the position of a fund within its family on its subsequent net-inflows. Our empirical study of the US equity mutual fund market shows that reaching a top position within the family leads to large inflows. These inflows accrue beyond those expected, given the...