There are more than 2000 fund managers in the market, which can be roughly divided into new fund managers and old fund managers.
Both the new fund manager and the old fund manager have their own advantages and disadvantages, and the advantages and disadvantages are relative.
Generally speaking, the management scale of new fund managers is relatively small. Small management scale makes it easier to change positions, especially those funds with high turnover rate. At the same time, you can get more excess returns by playing new ones.
The new fund manager has a more active attitude towards work, just like fresh graduates, and is more energetic. For some emerging industries, we can learn and follow up in time, especially industries like the Internet, which are updated very quickly, and will fall behind if we don't follow up in time.
Compared with the new fund manager, the first advantage of the old fund manager is his rich experience. After years of polishing in the market, old fund managers are more calm in dealing with problems. At the same time, they basically have their own very mature investment system, and their investment style is relatively stable. Older fund managers will study more industries and know more about enterprises because of their long working hours. Can adapt to more market conditions.
For us as investors, if we don't have more time and managers to study fund managers, it is more prudent to choose experienced veterans. For the new fund manager, we need more time to observe with the manager. If you are interested, you can learn about it, because the new fund manager is also more capable of creating explosive funds.