Fee

−0.2712***

−0.2720***

−0.1681***

−0.1682***

−0.6319***

−0.6333***

(0.00)

(0.00)

(0.01)

(0.01)

(0.00)

(0.00)

Flows

0.1838***

0.1838***

0.1750***

0.1748***

0.1927***

0.1927***

(0.00)

(0.00)

(0.00)

(0.00)

(0.00)

(0.00)

SMB

0.0016

0.0016

0.0006

0.0005

0.0021

0.0021

(0.27)

(0.27)

(0.66)

(0.70)

(0.57)

(0.57)

HML

0.0019***

0.0019***

0.0019***

0.0019***

0.0121***

0.0120***

(0.00)

(0.00)

(0.00)

(0.00)

(0.00)

(0.00)

Number of countries fund sold

0.0019***

0.0019***

0.0019***

0.0019***

0.0121***

0.0120***

(0.00)

(0.00)

(0.00)

(0.00)

(0.00)

(0.00)

Adjusted R-squared

0.066

0.066

0.054

0.054

0.090

0.090

Number of observations

543,867

543,867

352,669

352,669

191,198

191,198