Equity funds with decade-long underperformance change fund managers

Several funds which performed poorly in the past decade relative to their Morningstar benchmarks have recently changed management, AMWatch finds.


Three underperforming European equity funds offered by Nordic-based providers have changed their portfolio management teams.

Morningstar has provided AMWatch with ten years of performance data, comparing funds' ten-year excess returns to their Morningstar benchmarks. At three of the funds with a particularly weak performance, a change in portfolio management has recently taken place.

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