1, depending on the performance of the fund manager.
The performance of fund managers is the most fundamental basis for judging the strength of fund managers. Every fund manager has his own operating style and a market that adapts to his own style, so when choosing a fund manager, don't blindly pursue the comprehensive and excellent performance of long-,medium-and short-term investments. If you have your own judgment on the future market, you can choose a fund manager who performs better in the corresponding market according to his past performance. For example, investors are optimistic about short-term investment, and you can choose a fund manager who is good at short-term investment. However, if you are not sure about the market, you can choose funds managed by fund managers with good long, medium and short-term performance, and you can't just pay too much attention to fund managers with outstanding short-term or long-term performance.
2. Select the fund manager according to the stock type.
Managing hybrid funds is more suitable for fund managers who pay equal attention to both offense and defense. Take 20 10 as an example. Among the top five hybrid fund managers in three years, four were in the top 10 in the overall rising market in two years, and four were also in the top 15 during the market decline from 2007 10 to September 2008.
Equity fund managers with outstanding long-term performance are better than defense. Take 20 10 as an example. Among the top five equity fund managers in three years, four were also in the top five during the period of10-September 2008, and accordingly, they were not ranked very high in the rising market in the following two years. The main difference in performance may depend more on who can lighten up in time when the market falls and who can be the final winner. Equity fund managers and hybrid fund managers have different chances of winning, so investors should choose appropriately.