Undeniably, excellent fund managers are indeed the guarantee of fund income. With rich investment experience, choosing excellent enterprises in excellent industries can not only keep up with the market to obtain excess returns, but also control the exit in a reasonable position when the market falls.
But when we know a fund, we will find that some funds have more than one fund manager, and two or even three * * * are managed together. Why is this happening? What is the texture of such fund products? Is it worth our choice?
Why do some funds have two or three fund managers at the same time
There are generally two management methods for fund managers: single person and multi-person. If it is managed by a fund manager, the investment decision of the fund is decided by the fund manager alone. Of course, this does not mean that fund managers do all the research, trading and decision-making work. Behind him is the powerful investment and research team of the fund company to provide him with all kinds of information. Finally, the fund manager makes a summary and makes a final decision.
And some foundations are managed by several fund managers at the same time for some reasons.
Bring the old with the new and drive the performance of new fund managers.
That's why most people manage funds with the old and the new. A star fund manager of a company has a new manager, and it is very simple to judge this situation. Just look at the experience of each fund manager.
This form, on the one hand, can increase the trust of investors in the fund through the old fund manager and ensure the fund's ability to attract funds, on the other hand, it can also promote the performance of the new fund manager and facilitate the fund manager to take charge of the fund in the future.
In this case, it is better for investors to have a clear understanding of the investment style and historical performance of several fund managers, especially the top two managers, rather than just looking at the popularity of star fund managers.
It is particularly important to note that such products may sometimes be operated by another fund manager because there are too many products managed by a star fund manager. It is even possible to change people after a while. If you choose such a fund to invest, you must do a good job of tracking.
Fund managers jointly manage different assets.
Another reason why multiple fund managers manage funds is to let each manager be responsible for managing a part of the fund assets that he is good at.
Especially for mixed funds with partial debt or secondary debt base, and the increasingly popular "+"funds, this phenomenon is more common, which is often a mix of stock fund managers and bond fund managers, so that each person can give play to his own advantages and better management effects. This kind of product adopts two fund managers, each with his own strengths and responsibilities, and may really achieve the result of 1+ 1 greater than 2.
Can multiple fund managers manage funds?
We can't directly give the conclusion that many fund products managed by fund managers must be good or bad, but we still need to analyze them in detail.
For example, compare the income gap between the products managed by fund managers themselves and those managed by others.
Of course, on the whole, if you have a particularly optimistic fund manager, it may be better to choose the products managed by him alone, so that you will be more psychologically aware. Especially for equity funds and hybrid funds, the investment decisions of fund managers will be more consistent. In addition, if the total scale of products managed by fund managers is too large, people may pay less attention to it.