Independent variable

RBA Bal

RBA Eq

ZB Aktiv

Intercept

0.2641

0.0230

0.0169

(0.014)

(0.876)

(0.925)

Performance (t)

0.640^***

0.3035^***

0.5457^***

(0.000)

(0.001)

(0.000)

Performance 12 months

0.0392

−0.0030

0.0275

(0.1994)

(0.888)

(0.252)

Ln(NAV)

−0.013^*

−0.001

−0.001

(0.014)

(0.862)

(0.872)

Flow in prev. month

0.0136

−0.2450^*

−0.040

(0.910)

(0.042)

(0.726)

Flow in last 3 months

0.1516^**

0.2307^***

0.0203

(0.003)

(0.000)

(0.577)

Adjusted R²

0.5354

0.5616

0.3549