There are lots of forms of investment risk form. One has to do about who may be managing your mutual fund portfolio.
Investors should consider manager risk (though I personally recommend indexed funds). They are at risk in this way by choosing an investment portfolio that's fully and actively managed.
But what happens if your investment manager leaves or fails to do as well as in the past? That is manager risk and it can't be measured by past statistics alone. ( See the Earl J. Weinreb NewsHole® comments.
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