Revolving door. Bottom Line: Follow the Leader?. August 2018. What to do when a fund manager leaves.
Spot illustration for Charles Schwab’s quarterly magazines-On Investing and Onward. Investors tend to flee from a fund when its manager does—but they probably shouldn’t. A recent study from Morningstar found no performance change after a manager is added or leaves. But do beware of style drift and other warning signs that a fund may no longer be right for you.