| Before the issuing of open-ended funds | After the release of the open-ended funds | ||||
Full sample A | Sub-sample A 1 | Sub-sample A 2 | Full- sample B | Sub-sample B 1 | Sub-sample B 2 | |
| 1.27E−05 | 1.90E−05 | 3.70E−06 | 3.49E−06 | 7.28E−06 | 0.000286 |
| 0.190394 | 0.11883 | 0.11273 | 0.063274 | 0.075573 | 0.005894 |
| 0.782912 | 0.790761 | 0.850928 | 0.925648 | 0.902347 | 0.641315 |
| 0.973306 | 0.909591 | 0.963658 | 0.988922 | 0.97792 | 0.647209 |