Independent variable | F | G |
Intercept | 0.1350*** | 0.0917*** |
| (0.000) | (0.000) |
Performance (t) | 0.4810*** | 0.4206*** |
| (0.000) | (0.000) |
Performance 12 months | 0.0492*** | 0.0396*** |
| (0.000) | (0.000) |
Ln(NAV) | −0.0069*** | −0.0047*** |
| (0.000) | (0.000) |
Flow in prev. month | 0.1460*** | 0.0747** |
| (0.000) | (0.001) |
Flow in last 3 months | 0.0702*** | 0.0883*** |
| (0.000) | (0.000) |
Adjusted R2 | 0.2988 | 0.3753 |