If the fund you bought was changed to a fund manager, would you choose to redeem it or keep it? For the elderly citizens in China, this seems to be a multiple-choice question that must be faced. Because, in the domestic market, the average time for fund managers to manage a fund is about two years, and among all fund managers, the time below two years accounts for 60%.

If you are the owner of a clothing brand, one of your stores has a new manager. Do you want to see the level of this new manager, will it be judged according to the sales volume of this store this month, this quarter or even a year? Therefore, the overall consideration is based on performance, and so is the fund.

In order to better illustrate the problem, I intercepted the report data of Wind. Wind database is a very authoritative data website in China. In the field of financial data, Wind has built a complete and accurate large-scale financial engineering and financial data warehouse with financial securities data as the core.

Intercept the data from 20 18 to 20 19, and then make statistics on the performance changes of fund managers after half a year and one year. The criteria for whether the performance changes are as follows:

Performance improvement: ranking improvement degree > 20%

Performance unchanged: -20%≤ ranking promotion ≤20%

Performance decline: ranking improvement Let's look at the statistics:

As can be seen from the above statistics, the performance of the fund declined slightly after changing managers for half a year or a year, but there was basically no big change. In other words, there is no obvious trend that changing fund managers will bring about big performance changes.

While reading the data report, I also noticed a trend. After changing the fund manager, the performance of the fund with a relatively high ranking will probably decline slightly, while the performance of the fund with a relatively low ranking will improve to a certain extent.

Fund manager is an important criterion for us to judge a fund, but the operation of the fund is not controlled by the fund manager alone, but by the strength of the fund team of the whole fund company, but the proportion of fund managers is relatively high.

If a fund you hold encounters a change in fund manager, you don't need to rush to redeem this fund or change it to another fund. You can list it as an object of concern, observe it quietly for a period of time, comprehensively consider the operation style and strategy of the new fund manager, and make a judgment. Of course, you should also combine the current market trend. If it coincides with the market transformation, such as the change from bear market to bull market, the net value of the fund will fluctuate greatly. This is not the performance appraisal of fund managers, and the bull market is not cheap.