Evaluating fund managers is an indispensable part of our investment funds. From what aspects should fund managers be judged?
The historical performance of fund managers is a very important evaluation factor. To analyze historical performance, we should examine it from multiple time dimensions. Fund managers with good long-term performance, medium and long-term stability are more trustworthy. According to the different types of funds managed, we can examine them from the perspective of performance decomposition. For example, stock fund managers divide fund income into market income and excess income.
A fund manager with strong risk control ability will make investors trust more and have a better investment experience, which can be understood by managing the maximum withdrawal and fluctuation of funds.
The market is the best teacher, and fund managers who have experienced the baptism of bull and bear markets are more calm in the face of risks. According to the bull-bear market cycle in China, investors can try to choose fund managers who have experienced more than one bull-bear market. The investment experience of fund managers also needs to consider the matching degree of the managed funds with their investment experience and specialty.
Investment style is a very important factor. To judge whether the investment style of fund managers matches their own investment needs, different ideas will easily lead to a crisis of trust and it is difficult to continue investing. In addition, it depends on whether the fund manager insists on his own investment style. We can judge the stability of investment style through fund managers' positions, turnover rate, usual remarks and regular reports.
In addition to the above, investors can also conduct a comprehensive investigation from the perspectives of fund management scale, stepping on thunder, abnormal net worth, punishment and negative public opinion.