Babalos, Vassilios; Caporale, Guglielmo Maria; … - 2016
The 2008-2009 global financial crisis has raised new questions about the relationship between equity fund flows and … causality-in-mean from stock market returns to equity fund flows (consistently with the feedback-trading hypothesis) only in the … post-September 2008 period. There are also volatility spillovers from stock market returns to equity fund flows both before …