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Fund Spy: Morningstar Medalist Edition

The Devil, the Details, and Fund Manager Changes

Why some funds' Analyst Ratings change when their managers do and others don't.

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Unplanned fund manager departures can really mess with your portfolio plans.

It can be exasperating for fund investors. You spend a lot of time looking for a manager with solid experience, a repeatable process, and staying power, only to see him or an important member of his team up and leave long before you've reached the limits of your investment horizon. What do you do? Should you stay or should you go when your fund manager hits the road? It's one of the most common questions Morningstar fund analysts field.

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