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As in every walk of life, sometimes fund managers change jobs. They may move to another fund company or start a new career, be given responsibility for a new fund or decide to take a break. Sometimes the choice is theirs, sometimes it is not, particularly if performance has been consistently disappointing. So sometimes it is good news, and other times bad news that your fund may now be under new management.
To help you navigate these changes, we will update our website regularly with Elite fund manager changes, so that you can decide if you want to remain invested in the fund or switch to another. We will tell you when funds have gained or lost Elite Ratings. We will also keep you informed via our newsletters, so if you are not already signed up, you may like to do so now.
As a fundamental part of our analysis takes into account the track record of the fund manager on a particular fund, in the vast majority of cases, the fund is likely to lose its Elite Rating if the manager is changed. This means the research note on the fund will be removed from our website in due course.
There is no water-tight rule. Each instance has to be considered on its own merits. There is no rush, however, and certainly no need for a knee-jerk reaction.
If the situation arises for you, here are five points to consider to help you make your decision: