The term of office is limited, but you can dismiss it at any time, just like a company hires a general manager. After buying a fund and changing the manager, the performance of the fund may fluctuate greatly, especially those funds that mainly rely on the individual ability of the fund manager rather than the overall investment and research strength of the fund company. Therefore, if you care about the handling fee for short-term subscription and redemption, it is recommended to hold observation for 1-3 months. If the performance remains stable, don't change it; If you don't care about money, redeem it decisively and follow the manager to the new fund.

It is estimated that every company is different. To ensure the stability of a fund, a term of 1-3 years is inevitable. If the performance of the fund is stable and the ranking is not too ugly, as long as he does not leave himself, he can generally work in his post for a long time. Now most of the star managers of the older generation have switched to private placement, and those who have served for a long time may be found in the old funds of Huaxia Department, Guo Fu Department and Galaxy.

My humble opinion is for reference only.