Contrasting to star fund, Dog fund has similar effect.
草莓基金也有类似的结论。
This paper finds that star fund could raise fund family's cash inflow. This is consisted with the phenomenon that in China fund family are eager to construct star fund.
本文研究发现中国的明星基金能提高整个家族的资金流量，这与国内基金家族极力“打造”明星基金的现象相符。
These evidences show that star fund can increase cash inflow and dog fund would decrease cash inflow, although in the whole fund performance is negatively related with cash inflow.
本文的发现表明，虽然整体上基金业绩与基金流量存在负相关，明星基金却能增加基金流量，草莓基金会降低基金流量。
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