RT Journal Article SR Electronic T1 Equity Fund Flows and Performance around Economic Recessions JF The Journal of Wealth Management FD Institutional Investor Journals SP 99 OP 115 DO 10.3905/jwm.2016.19.3.099 VO 19 IS 3 A1 Ines Gargouri A1 Lawrence Kryzanowski YR 2016 UL https://pm-research.com/content/19/3/99.abstract AB The relation between net fund flows and performance is examined around the two most recent U.S. economic recessions for U.S. equity funds. Post-recessionary period net fund flows are positively (negatively) correlated with absolute (peer-relative) performance for the early 2000s recession, and with absolute and peer-relative performance for the Great Recession (the most recent one) according to nonparametric measures. Empirical copulas in the extreme left tails indicate a positive dependence for the early 2000s recession, and independence for the Great Recession between performance and net fund flows.TOPICS: Mutual funds/passive investing/indexing, security analysis and valuation, financial crises and financial market history, performance measurement