Publication:
Fund flows, MERs and managed fund ratings: Australian Evidence

dc.contributor.author Parwada, Jerry en_US
dc.contributor.author Faff, Robert en_US
dc.date.accessioned 2021-11-25T12:54:39Z
dc.date.available 2021-11-25T12:54:39Z
dc.date.issued 2006 en_US
dc.description.abstract Published star ratings for managed funds, issued by independent agencies, are increasing in popularity, coverage in the academic literature, and influence as measured by the market share and money inflow dominance of rated funds. Hypothesising that fund ratings serve as a proxy for a fund's reputation, this article examines the managed fund inflow effect of the awarding of an initial rating by ASSIRT, Australia's largest fund rating agency. Retail equity funds record significant unexpected size changes at the announcement of the initial rating and over a one-year post-rating analysis period. Wholesale fund sizes take over six months to show the inflow effects of a ratings initiation. Cash and fixed interest funds exhibit volatile size changes whose pattern does not bear a significant relationship to the initial rating phenomenon. Finally, fund management expense ratios remain stable after the rating. en_US
dc.identifier.issn 1068-0898 en_US
dc.identifier.uri http://hdl.handle.net/1959.4/38527
dc.language English
dc.language.iso EN en_US
dc.rights CC BY-NC-ND 3.0 en_US
dc.rights.uri https://creativecommons.org/licenses/by-nc-nd/3.0/au/ en_US
dc.source Legacy MARC en_US
dc.title Fund flows, MERs and managed fund ratings: Australian Evidence en_US
dc.type Journal Article en
dcterms.accessRights metadata only access
dspace.entity.type Publication en_US
unsw.accessRights.uri http://purl.org/coar/access_right/c_14cb
unsw.description.notePublic The Journal of Investing is published by Institutional Investor Inc., http://www.iijournals.com en_US
unsw.relation.faculty Business
unsw.relation.ispartofissue 3 en_US
unsw.relation.ispartofjournal Journal of Investing en_US
unsw.relation.ispartofpagefrompageto 69-78 en_US
unsw.relation.ispartofvolume 15 en_US
unsw.relation.originalPublicationAffiliation Parwada, Jerry, Banking & Finance, Australian School of Business, UNSW en_US
unsw.relation.originalPublicationAffiliation Faff, Robert en_US
unsw.relation.school School of Banking & Finance *
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