Assessing the Effect of the Past Performance Mutual Funds on Investment Net Flow of the Funds in TSE
This research investigates the effect of past performance of mutual funds on fund net flows representing the behavior of investors through return and adjusted return index. For this purpose, in this research by using of panel data extracted from the TSE active mutual funds, information during the period 2010-2011, the relationships between variables were analyzed through regression model.The result of article shows that the effect of past performance of mutual funds on fund net flows is when the measurement index of performance is the return not the adjusted return. In other words, note able the past return of the funds are important for investors.
- حق عضویت دریافتی صرف حمایت از نشریات عضو و نگهداری، تکمیل و توسعه مگیران میشود.
- پرداخت حق اشتراک و دانلود مقالات اجازه بازنشر آن در سایر رسانههای چاپی و دیجیتال را به کاربر نمیدهد.