The impact of superannuation fund choice legislation and the global financial crisis on Australian retail fund flows

Authors

  • Rakesh Gupta Griffith Business School, Griffith University
  • Thadavillil Jithendranathan Finance Department, University of St. Thomas

DOI:

https://doi.org/10.61190/fsr.v24i3.3336

Keywords:

Returns chasing, Managed funds, Australia

Abstract

We examine the extent to which cash flows into the Australian superannuation funds are affected by the past performance of the fund, the riskiness of the fund, the choice of superannuation fund legislation, and the global financial crisis. Both retail and wholesale investors base their investment decisions on the past performance of the funds. There is little evidence that the riskiness of the fund returns has any significance effect on the flow of funds. Legislation has resulted in more inflows into managed funds. There is more inflow into managed funds and equity funds since the period of the global financial crisis.

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Published

2015-09-30

How to Cite

Gupta, R., & Jithendranathan, T. (2015). The impact of superannuation fund choice legislation and the global financial crisis on Australian retail fund flows. Financial Services Review, 24(3), 217–248. https://doi.org/10.61190/fsr.v24i3.3336

Issue

Vol. 24 No. 3 (2015): Fall 2015

Section

New Original Submission

License

Copyright (c) 2015 Academy of Financial Services

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