A fund manager's age does have an effect on whether they should outperform, with those in their early 40s most likely to beat their peers, according to research from Scottish Widows Investment Partnership's(SWIP) multi-manager team.
Head of multi-manager Mark Harries said the team evaluated the five most popular sectors and identified that within the equity space, managers in their early 40s tended to outperform. However, in the bond sector outperformance was linked to a slightly younger average age of 38. “Fund manager experience really does count. I am not saying you should never buy a younger manager, but it does seem a manager in their early 40s with 19 to 20 years of investment experience tends to be a good profile,” said Harries. The SWIP multi-manager team assessed UK Equity Income, Global Equities, UK All...
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