Independent variable

Aureus Eq

Erste Eq

Erste Bal

FIMA Eq

Intercept

0.1053

0.2687

0.1183

0.7412

(0.424)

(0.356)

(0.375)

(0.080)

Performance (t)

0.2409^*

0.6515^***

0.4033^*

0.9126^*

(0.026)

(0.000)

(0.038)

(0.049)

Performance 12 months

0.0261

0.0646

0.0434

0.1281

(0.200)

(0.216)

(0.313)

(0.105)

Ln(NAV)

−0.0058

−0.013

−0.006

−0.0400

(0.413)

(0.366)

(0.374)

(0.095)

Flow in prev. month

0.1096

−0.348^**

0.101

0.1791

(0.492)

(0.008)

(0.448)

(0.166)

Flow in last 3 months

0.1293

0.2184^**

0.1414^**

0.0166

(0.067)

(0.003)

(0.004)

(0.7074)

Adjusted R²

0.4867

0.4096

0.3617

0.1761