FYI: The people managing your mutual fund are vital links to your financial success, so what do you do when a fund changes its portfolio manager? Some reasons for installing new blood are the old manager's retirement, promotion or underperformance, or the fund's merger into another fund.
Whichever the reason, the change can have a big impact on your investment success. Is it a reason to sell and look for another, similar mutual fund , or should an investor stick around and see what happens? What factors does an investor need to consider in such a case?
Regards,
Ted
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