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Rekenthaler Report

What to Do If Your Fund Changes Portfolio Managers

The study says … do nothing!


Stay the Course
If your fund manager dies tomorrow, you really shouldn't care.

Such is the conclusion reached in Morningstar's new white paper, "The Aftermath of Fund Management Change," although the authors (Madison Sargis and Kai Chang) don't phrase the matter that way. Rather more politely, they write, "We find no relationship between any type of [fund] management change and future returns."

John Rekenthaler does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.