The performance of a fund is very good, which has a lot to do with the fund manager who manages the fund. Generally speaking, only a fund manager has a strong ability to make the funds he manages stand out. Therefore, when many citizens buy funds, they only recognize the fund managers they admire and agree with.
Then, will the performance of a fund with good performance decline after the fund manager is replaced? We can't simply give a "yes" and "no" answer to this question. We should look at this problem objectively and analyze the situation from the following three aspects:
First, to see who will take over a fund with good performance, it must be the brand of the fund company, and the fund company will definitely strive to maintain this brand. Therefore, when a fund with good performance needs to change its fund manager, as a fund company, it will definitely send a competent fund manager to take over the fund, because the fund company does not want the disappearance of the fund brand and the loss of fund customers.
For example, on 202 1 10, when Dong, the fund manager of Xingquan Trend Fund, left his post, Xingquan Fund sent Xie Zhiyu (together with Tong Lan) who had strong ability to manage Xingquan Trend Fund. This arrangement can already be seen that Xingquan Fund wants to continue to build the brand advantage of Xingquan Trend Fund.
Therefore, if a fund with good performance changes its fund manager, the fund company will definitely find ways to minimize the impact of changing the fund manager. From this perspective, when a fund with good performance changes its fund manager, it does not need to sell the fund.
Second, look at the investment style of the receiver Generally speaking, after the fund manager of the fund is replaced, the fund company will let the fund manager with roughly the same style take over the fund, because this can maintain the stability of the fund performance and the stability of the people. Therefore, if the successor's investment style is the same, such as the position of the same stock is scattered, the holding period is longer, and the blue chip with large market value is preferred, then don't sell the fund.
Of course, it does not rule out that fund companies cannot find fund managers with the same style to take over. At this time, if the basic people don't agree with the investment style of the new fund manager, then they can sell the fund first, take profits and spend a short time to examine the ability of the new fund manager.
Third, look at the market trend after the takeover. After the fund manager is replaced, if it happens to face the coming of a bear market, it is difficult for a good fund manager to avoid the decline in net worth. At most, he can only control the funds he manages and other funds to fall less, that is, the net value retreat is smaller. For example, during the 20 15 bear market, Dong, the star fund manager, could not stop the decline of the net value of Xingquan Trend Fund he managed. The net value of this fund retreated by 28%, while the net value of more than half of the funds fell by 50% that year.
Therefore, after the replacement of fund managers, the net value of funds with good performance has fallen, which should be viewed objectively. Sometimes, the decline in performance is not a problem of fund managers' management ability, but a problem of the overall environment.
Therefore, if the fund is changed to a fund manager, the stock market has already risen greatly, and the economic environment is not good, which may lead to a bear market. At this time, selling funds with good performance is an appropriate strategy.
To sum up, for the fund with good performance, whether the performance will decline after changing the fund manager and whether it will be redeemed should be comprehensively analyzed from the new fund manager (including management ability and investment style) and the subsequent market trend as a rational judgment.