 Global mutual fund flowsMarta Vidal, Javier Vidal-García, Stelios Bekiros and Juan E. Trinidad-Segovia International Review of Financial Analysis, 2025, vol. 103, issue C Abstract: In this paper, we examine how different variables impact the profitability-flows relationship in mutual funds across different countries around the world; we also determine whether fund investors prefer some variables against others when making investment decisions. We compare different performance measures throughout this work; we examine the relationship between flows and performance employing a dataset of global equity mutual funds, from January 1990 to December 2023. Furthermore, we evaluate whether the results vary depending on the size of the fund and its position with respect to the market. Our evidence shows that investors consider mutual fund performance for their investment decisions. We also show that investors of small mutual funds are influenced by the risk-adjusted extra return, while large funds investors only consider the previous performance of the fund, although both attract flows when the market evolves favorably. Keywords: Mutual funds; Flows; Portfolio management; Fund performance (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:eee:finana:v:103:y:2025:i:c:s1057521925002431 DOI: 10.1016/j.irfa.2025.104156 Access Statistics for this article International Review of Financial Analysis is currently edited by B.M. Lucey More articles in International Review of Financial Analysis from Elsevier |
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