I
never recommend managed mutual funds for several reasons, including
high cost and their too-often inability to emulate indexes. Moreover,
managements change and you never know who really is overlooking your
assets.
What
if the fund is not doing well? That does not mean an automatic sale.
Market conditions may be the cause and not management inability.
The
major consideration should be fund cost because that is the only factor
you can truly control. All other factors are well beyond your possible
knowledge. Cost is a huge factor in fund success. (See the Earl J.
Weinreb NewsHole® comments and @BusinesNewshole at Twitter.)
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