AMWatch

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.

Photo: TIMOTHY A. CLARY/AFP / AFP

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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