{"id":"https://openalex.org/W2055088198","doi":"https://doi.org/10.1111/j.1468-5957.2007.02062.x","title":"Family Matters: Rankings Within Fund Families and Fund Inflows","display_name":"Family Matters: Rankings Within Fund Families and Fund Inflows","publication_year":2007,"publication_date":"2007-12-20","ids":{"openalex":"https://openalex.org/W2055088198","doi":"https://doi.org/10.1111/j.1468-5957.2007.02062.x","mag":"2055088198"},"language":"en","primary_location":{"id":"doi:10.1111/j.1468-5957.2007.02062.x","doi":"https://doi.org/10.1111/j.1468-5957.2007.02062.x","is_oa":false,"landing_page_url":"https://doi.org/10.1111/j.1468-5957.2007.02062.x","pdf_url":null,"source":{"id":"https://openalex.org/S48254654","display_name":"Journal of Business Finance &amp Accounting","issn_l":"0306-686X","issn":["0306-686X","1468-5957"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a-star","anvur-class-a","anvur-scientific","cwts-core","erih-plus","fnege-2","jufo-2","norway-1","poland-100","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310320595","host_organization_name":"Wiley","host_organization_lineage":["https://openalex.org/P4310320595"],"host_organization_lineage_names":["Wiley"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Journal of Business Finance &amp; Accounting","raw_type":"journal-article"},"volume":null,"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5075511342","display_name":"Alexander Kempf","orcid":"https://orcid.org/0000-0002-7455-4044","observed_orcids":["https://orcid.org/0000-0002-7455-4044"]},"institutions":[{"id":"https://openalex.org/I180923762","display_name":"University of Cologne","ror":"https://ror.org/00rcxh774","country_code":"DE","type":"education","lineage":["https://openalex.org/I180923762"]}],"countries":["DE"],"is_corresponding":false,"raw_author_name":"Alexander Kempf","raw_affiliation_strings":["The authors are from the Department of Finance, University of Cologne and the Centre for Financial Research (CFR) Cologne, Germany. They thank Vikas Agarwal, Amanda Adkisson, Alexandra Niessen, Peter Pope (editor), Laura Starks, Russ Wermers, Youchang Wu, and participants at the FMA Annual and European Meetings (2004), the European Financial Management Association Meetings (2004), and the Xfi Conference on Fund Management (2006) for helpful comments. They are especially grateful to an anonymous referee. All remaining errors are the authors' own","University of Cologne, Cologne, Germany"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"The authors are from the Department of Finance, University of Cologne and the Centre for Financial Research (CFR) Cologne, Germany. They thank Vikas Agarwal, Amanda Adkisson, Alexandra Niessen, Peter Pope (editor), Laura Starks, Russ Wermers, Youchang Wu, and participants at the FMA Annual and European Meetings (2004), the European Financial Management Association Meetings (2004), and the Xfi Conference on Fund Management (2006) for helpful comments. They are especially grateful to an anonymous referee. All remaining errors are the authors' own","institution_ids":["https://openalex.org/I180923762"]},{"raw_affiliation_string":"University of Cologne, Cologne, Germany","institution_ids":["https://openalex.org/I180923762"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5056676965","display_name":"Stefan Ruenzi","orcid":"https://orcid.org/0000-0002-6492-1701","observed_orcids":["https://orcid.org/0000-0002-6492-1701"]},"institutions":[{"id":"https://openalex.org/I180923762","display_name":"University of Cologne","ror":"https://ror.org/00rcxh774","country_code":"DE","type":"education","lineage":["https://openalex.org/I180923762"]}],"countries":["DE"],"is_corresponding":true,"raw_author_name":"Stefan Ruenzi","raw_affiliation_strings":["The authors are from the Department of Finance, University of Cologne and the Centre for Financial Research (CFR) Cologne, Germany. They thank Vikas Agarwal, Amanda Adkisson, Alexandra Niessen, Peter Pope (editor), Laura Starks, Russ Wermers, Youchang Wu, and participants at the FMA Annual and European Meetings (2004), the European Financial Management Association Meetings (2004), and the Xfi Conference on Fund Management (2006) for helpful comments. They are especially grateful to an anonymous referee. All remaining errors are the authors' own","University of Cologne, Cologne, Germany"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"The authors are from the Department of Finance, University of Cologne and the Centre for Financial Research (CFR) Cologne, Germany. They thank Vikas Agarwal, Amanda Adkisson, Alexandra Niessen, Peter Pope (editor), Laura Starks, Russ Wermers, Youchang Wu, and participants at the FMA Annual and European Meetings (2004), the European Financial Management Association Meetings (2004), and the Xfi Conference on Fund Management (2006) for helpful comments. They are especially grateful to an anonymous referee. All remaining errors are the authors' own","institution_ids":["https://openalex.org/I180923762"]},{"raw_affiliation_string":"University of Cologne, Cologne, Germany","institution_ids":["https://openalex.org/I180923762"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":1,"corresponding_author_ids":["https://openalex.org/A5056676965"],"corresponding_institution_ids":["https://openalex.org/I180923762"],"apc_list":{"value":3800,"currency":"USD","value_usd":3800},"apc_paid":null,"fwci":2.9571,"has_fulltext":false,"cited_by_count":58,"citation_normalized_percentile":{"value":0.91997651,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":89,"max":99},"biblio":{"volume":"35","issue":"1-2","first_page":"177","last_page":"199"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10047","display_name":"Financial Markets and Investment Strategies","score":0.9901999831199646,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10047","display_name":"Financial Markets and Investment Strategies","score":0.9901999831199646,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10019","display_name":"Corporate Finance and Governance","score":0.007699999958276749,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T12123","display_name":"Financial Analysis and Corporate Governance","score":0.0006000000284984708,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/mutual-fund-families","display_name":"mutual fund families","score":0.7450000047683716},{"id":"https://openalex.org/keywords/fund-ranking","display_name":"fund ranking","score":0.8679999709129333},{"id":"https://openalex.org/keywords/net-inflows","display_name":"net inflows","score":0.8629999756813049},{"id":"https://openalex.org/keywords/equity-funds","display_name":"equity funds","score":0.8650000095367432},{"id":"https://openalex.org/keywords/fund-performance","display_name":"fund performance","score":0.5600000023841858},{"id":"https://openalex.org/keywords/fund-size","display_name":"fund size","score":0.5389999747276306}],"concepts":[{"id":"https://openalex.org/C17738144","wikidata":"https://www.wikidata.org/wiki/Q7685888","display_name":"Target date fund","level":5,"score":0.7108116149902344},{"id":"https://openalex.org/C2777064782","wikidata":"https://www.wikidata.org/wiki/Q791974","display_name":"Mutual fund","level":2,"score":0.6311101913452148},{"id":"https://openalex.org/C199728807","wikidata":"https://www.wikidata.org/wiki/Q2578557","display_name":"Equity (law)","level":2,"score":0.6103858947753906},{"id":"https://openalex.org/C90561083","wikidata":"https://www.wikidata.org/wiki/Q6015055","display_name":"Income fund","level":5,"score":0.6091443300247192},{"id":"https://openalex.org/C55286048","wikidata":"https://www.wikidata.org/wiki/Q5508875","display_name":"Fund administration","level":4,"score":0.5471228957176208},{"id":"https://openalex.org/C198082294","wikidata":"https://www.wikidata.org/wiki/Q3399648","display_name":"Position (finance)","level":2,"score":0.5415589809417725},{"id":"https://openalex.org/C84355842","wikidata":"https://www.wikidata.org/wiki/Q361863","display_name":"Closed-end fund","level":3,"score":0.5311480760574341},{"id":"https://openalex.org/C155301685","wikidata":"https://www.wikidata.org/wiki/Q493177","display_name":"Open-end fund","level":4,"score":0.5111823678016663},{"id":"https://openalex.org/C124932975","wikidata":"https://www.wikidata.org/wiki/Q1061648","display_name":"Sovereign wealth fund","level":3,"score":0.4893028438091278},{"id":"https://openalex.org/C29122968","wikidata":"https://www.wikidata.org/wiki/Q1414816","display_name":"Incentive","level":2,"score":0.4692007899284363},{"id":"https://openalex.org/C6243943","wikidata":"https://www.wikidata.org/wiki/Q1195348","display_name":"Index fund","level":5,"score":0.4602680504322052},{"id":"https://openalex.org/C36588987","wikidata":"https://www.wikidata.org/wiki/Q4201895","display_name":"Investment fund","level":3,"score":0.43472820520401},{"id":"https://openalex.org/C11393971","wikidata":"https://www.wikidata.org/wiki/Q6746722","display_name":"Manager of managers fund","level":3,"score":0.4304943084716797},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.4292190968990326},{"id":"https://openalex.org/C556758197","wikidata":"https://www.wikidata.org/wiki/Q580018","display_name":"Monetary economics","level":1,"score":0.4276140332221985},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.4190906286239624},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.3812389373779297},{"id":"https://openalex.org/C175444787","wikidata":"https://www.wikidata.org/wiki/Q39072","display_name":"Microeconomics","level":1,"score":0.12210503220558167},{"id":"https://openalex.org/C206757995","wikidata":"https://www.wikidata.org/wiki/Q1665188","display_name":"Institutional investor","level":3,"score":0.10813558101654053},{"id":"https://openalex.org/C17744445","wikidata":"https://www.wikidata.org/wiki/Q36442","display_name":"Political science","level":0,"score":0.05339851975440979},{"id":"https://openalex.org/C199539241","wikidata":"https://www.wikidata.org/wiki/Q7748","display_name":"Law","level":1,"score":0.0},{"id":"https://openalex.org/C39389867","wikidata":"https://www.wikidata.org/wiki/Q380767","display_name":"Corporate governance","level":2,"score":0.0}],"mesh":[],"locations_count":2,"locations":[{"id":"doi:10.1111/j.1468-5957.2007.02062.x","doi":"https://doi.org/10.1111/j.1468-5957.2007.02062.x","is_oa":false,"landing_page_url":"https://doi.org/10.1111/j.1468-5957.2007.02062.x","pdf_url":null,"source":{"id":"https://openalex.org/S48254654","display_name":"Journal of Business Finance &amp Accounting","issn_l":"0306-686X","issn":["0306-686X","1468-5957"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a-star","anvur-class-a","anvur-scientific","cwts-core","erih-plus","fnege-2","jufo-2","norway-1","poland-100","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310320595","host_organization_name":"Wiley","host_organization_lineage":["https://openalex.org/P4310320595"],"host_organization_lineage_names":["Wiley"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Journal of Business Finance &amp; Accounting","raw_type":"journal-article"},{"id":"pmh:oai:RePEc:bla:jbfnac:v:35:y:2008-01:i:1-2:p:177-199","doi":null,"is_oa":false,"landing_page_url":"http://www.blackwell-synergy.com/doi/abs/10.1111/j.1468-5957.2007.02062.x","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"article"}],"best_oa_location":null,"sustainable_development_goals":[],"study_designs":[],"awards":[],"funders":[],"has_content":{"pdf":false,"grobid_xml":false},"content_urls":null,"referenced_works_count":55,"referenced_works":["https://openalex.org/W76663703","https://openalex.org/W89693116","https://openalex.org/W1550144775","https://openalex.org/W1556430798","https://openalex.org/W1573285750","https://openalex.org/W1603230243","https://openalex.org/W1763040375","https://openalex.org/W1806760590","https://openalex.org/W1832395297","https://openalex.org/W1964928758","https://openalex.org/W1975549608","https://openalex.org/W1977313991","https://openalex.org/W1979764268","https://openalex.org/W1985620197","https://openalex.org/W1990925122","https://openalex.org/W1992337345","https://openalex.org/W1992922978","https://openalex.org/W1995834279","https://openalex.org/W1996243151","https://openalex.org/W2002582343","https://openalex.org/W2018907535","https://openalex.org/W2022603560","https://openalex.org/W2033772453","https://openalex.org/W2034301206","https://openalex.org/W2037119150","https://openalex.org/W2039412227","https://openalex.org/W2055337889","https://openalex.org/W2082592367","https://openalex.org/W2103835808","https://openalex.org/W2104795328","https://openalex.org/W2116694608","https://openalex.org/W2119610578","https://openalex.org/W2122726397","https://openalex.org/W2125585375","https://openalex.org/W2130537675","https://openalex.org/W2136120210","https://openalex.org/W2137710979","https://openalex.org/W2143215178","https://openalex.org/W2148839565","https://openalex.org/W2165723500","https://openalex.org/W2166397125","https://openalex.org/W2239887029","https://openalex.org/W2330748145","https://openalex.org/W3022353042","https://openalex.org/W3121206834","https://openalex.org/W3121685847","https://openalex.org/W3122441120","https://openalex.org/W3123391742","https://openalex.org/W3124139419","https://openalex.org/W3124282523","https://openalex.org/W3124358014","https://openalex.org/W3124446565","https://openalex.org/W3125260321","https://openalex.org/W4240832262","https://openalex.org/W4254598759"],"related_works":["https://openalex.org/W3125791287","https://openalex.org/W3125652456","https://openalex.org/W3033421573","https://openalex.org/W3122014621","https://openalex.org/W4243023489","https://openalex.org/W4376456798","https://openalex.org/W3188985395","https://openalex.org/W2553356381","https://openalex.org/W2293110293","https://openalex.org/W2137710979"],"abstract_inverted_index":{"Abstract:":[0],"This":[1],"paper":[2],"examines":[3],"the":[4,7,23,36,49,52,83,100],"influence":[5],"of":[6,9,22,51],"position":[8,34],"a":[10,32,79],"fund":[11,27,53,80,101,110],"within":[12,35,86,99],"its":[13,16,55,87],"family":[14,37,88,102],"on":[15],"subsequent":[17],"net\u2010inflows.":[18],"Our":[19],"empirical":[20],"study":[21],"US":[24],"equity":[25],"mutual":[26],"market":[28,57],"shows":[29],"that":[30,74],"reaching":[31],"top":[33,84],"leads":[38],"to":[39,92,97,104],"large":[40,65],"inflows.":[41],"These":[42,94],"inflows":[43,75],"accrue":[44],"beyond":[45],"those":[46],"expected,":[47],"given":[48],"performance":[50],"in":[54,64,68],"respective":[56],"segment.":[58],"The":[59],"effect":[60],"is":[61],"much":[62],"stronger":[63],"families":[66],"than":[67],"small":[69],"families.":[70],"We":[71],"also":[72],"find":[73],"significantly":[76],"increase":[77],"if":[78],"moves":[81],"into":[82],"positions":[85],"from":[89],"one":[90],"year":[91],"another.":[93],"results":[95],"lead":[96],"competition":[98],"and":[103],"important":[105],"risk":[106],"taking":[107],"incentives":[108],"for":[109],"managers.":[111]},"counts_by_year":[{"year":2026,"cited_by_count":2},{"year":2025,"cited_by_count":1},{"year":2024,"cited_by_count":1},{"year":2023,"cited_by_count":7},{"year":2022,"cited_by_count":1},{"year":2021,"cited_by_count":9},{"year":2020,"cited_by_count":1},{"year":2018,"cited_by_count":2},{"year":2017,"cited_by_count":6},{"year":2016,"cited_by_count":6},{"year":2015,"cited_by_count":1},{"year":2014,"cited_by_count":2},{"year":2013,"cited_by_count":4},{"year":2012,"cited_by_count":5}],"updated_date":"2026-10-16T09:59:22.235173","created_date":"2016-06-24T00:00:00"}
