Kopsch, Fredrik; Song, Han-Suck; Wilhelmsson, Mats - In: Managerial Finance 41 (2015), pp. 10-25
Purpose -The purpose of this paper is to study the determinants of aggregate fund flows to both equity and hybrid mutual funds. The authors test three hypotheses that help explaining the relationship between mutual fund flows and stock market returns, namely; the feedback-trader hypothesis, the...