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 |