Watson, John; Wickramanayake, J. - In: Journal of International Financial Markets, … 22 (2012) 3, pp. 451-472
This paper presents the relation between aggregate equity managed fund flows and excess share market returns in Australia and evaluates the issue of causality therein. Using a large data set of 3613 managed funds for the period January 1990 to September 2009, the paper addresses two important...