Abstract
Our study highlights the importance of cash equitising fund flows using derivative instruments. It indicates funds that do not cash equitise experience diminishing returns as fund flow increases, while cash equitising funds experience no deterioration in performance due to increased fund flow. Given the size of the Australian funds management industry, these results potentially translate into significant economic savings.
| Original language | English |
|---|---|
| Pages (from-to) | 5-10 |
| Number of pages | 6 |
| Journal | JASSA |
| Issue number | 3 |
| Publication status | Published - 2008 |