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 |