There are more than 2000 fund managers in the market, which can be roughly divided into two categories, one is new fund managers with new talents in the market, and the other is old fund managers with rich qualifications. However, new fund managers are still the majority in the market.
When it comes to choosing fund managers, most people think that senior people are more reliable, with deep qualifications and more experience in dealing with market changes, and they are generally worried about some new fund managers. In fact, we can't generalize. Both have their own advantages and disadvantages, and the advantages and disadvantages are relative.
New fund manager
Overall, the new fund manager has the following advantages:
1, with small management scale.
Of course, it is not that the smaller the fund manager manages, the better, but that the smaller the management scale, there are some comparative advantages. It will be easier to change positions, especially those funds with high turnover rate. At the same time, smaller management scale can participate in some small and medium-sized investment opportunities, and can also obtain more excess returns by making new investments.
Step 2 be more aggressive
The radicalism mentioned here is not more radical in investment style, but in work attitude. New fund managers, like fresh graduates, are full of expectations for the future, while young managers are 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. Of course, I will work harder to prove myself. It is easier for a new fund manager to manage a fund with outstanding performance.
Old fund manager
Compared with new fund managers, the advantages of veterans are obvious.
1, experienced
The market is unpredictable, and the old fund manager has dealt with various extreme prices after years of market polishing, so he is more stable in dealing with problems.
2. Steady investment style
Old fund managers basically have their own very mature investment system, which is formed and stabilized in years of market experience, and these can be converted into excess returns.
3, the ability circle is larger and more suitable for large-scale.
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.