One notable advantage of Channing Capital is its below-average fees. On average, the firm's open-end and exchange-traded fund fees fall in the second-lowest quintile of category peers. On average, Channing Capital's longest-tenured strategy managers have 15 years of tenure. This level of experience should give investors confidence in the group's ability to handle turbulent market conditions. Portfolio management turnover at Channing Capital is higher than at peer firms, detracting from the overall assessment of the firm's stewardship. Turnover in the portfolio-management ranks can happen for a number of reasons, including mergers and liquidations, portfolio managers moving into other roles, or portfolio managers leaving the firm. In some cases, such change may not signal a serious or immediate problem at the firm, but can still be disruptive for investors, hinder the effectiveness of a firm’s investment processes, or suggest a weaker investment culture.
Category
A category is a way to group investments based on similar risk, return, and behavior profiles.