Berggrun, Luis; Lizarzaburu, Edmundo - In: Journal of Business Research 68 (2015) 2, pp. 199-207
period from 2001 to 2012. The study also tests for a “smart money” effect (Zheng, 1999), or whether funds that receive more … of a “smart money” effect for the entire sample of funds. Nonetheless, flows in small and retail funds, which are often …