Open Access Journal Article

Funds Flows and Returns: The Case of the Australian Equity ETFs

by Gerasimos G. Rompotis a,* orcid
a
Department of Economics, National and Kapodistrian University of Athens, Athens, Greece
*
Author to whom correspondence should be addressed.
FEL  2024 3(2):28; https://doi.org/10.58567/fel03020003
Received: 29 March 2024 / Accepted: 15 April 2024 / Published Online: 5 July 2024
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Abstract

The relation between fund flows and returns in the Australian ETF industry is assessed in this study. Daily data from 43 equity ETFs over the period 2019-2023 are used. The main research objective is to accentuate whether past returns can predict future fund flows and in what way and vice versa. According to the results of the applied regression analysis, past flows and past returns can predict to some extent concurrent flows. This is also the case about concurrent returns. However, in both cases, the results are not unanimous and depend on the specification of the applied regression model.

Keywords: ETFs; Performance; Fund Flows; Australian Stock Market;
Copyright: © 2024 by Rompotis. This is an open-access article distributed under the terms of the Creative Commons Attribution License (CC BY) (Creative Commons Attribution 4.0 International License). The use, distribution or reproduction in other forums is permitted, provided the original author(s) or licensor are credited and that the original publication in this journal is cited, in accordance with accepted academic practice. No use, distribution or reproduction is permitted which does not comply with these terms.

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ACS Style
Rompotis, G. G. Funds Flows and Returns: The Case of the Australian Equity ETFs. Financial Economics Letters, 2024, 3, 28. https://doi.org/10.58567/fel03020003
AMA Style
Rompotis G G. Funds Flows and Returns: The Case of the Australian Equity ETFs. Financial Economics Letters; 2024, 3(2):28. https://doi.org/10.58567/fel03020003
Chicago/Turabian Style
Rompotis, Gerasimos G. 2024. "Funds Flows and Returns: The Case of the Australian Equity ETFs" Financial Economics Letters 3, no.2:28. https://doi.org/10.58567/fel03020003
APA style
Rompotis, G. G. (2024). Funds Flows and Returns: The Case of the Australian Equity ETFs. Financial Economics Letters, 3(2), 28. https://doi.org/10.58567/fel03020003

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