Independent variable | PBZ Eq | PBZ Glob | PBZ Istock |
Intercept | 0.2393 | 0.1141 | 0.1664 |
| (0.222) | (0.121) | (0.621) |
Performance (t) | 0.3016** | 0.4206*** | 0.2802** |
| (0.006) | (0.000) | (0.003) |
Performance 12 months | 0.0025 | 0.0204 | 0.0093 |
| (0.928) | (0.396) | (0.640) |
Ln(NAV) | −0.012 | −0.006 | −0.009 |
| (0.219) | (0.123) | (0.606) |
Flow in prev. month | −0.082 | 0.1418 | −0.216 |
| (0.591) | (0.229) | (0.236) |
Flow in last 3 months | 0.2501*** | 0.1655*** | 0.2274* |
| (0.000) | (0.001) | (0.020) |
Adjusted R2 | 0.5667 | 0.5458 | 0.4242 |