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Author: Hawkwin Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 75340  
Subject: Re: Best way to invest in a ROTH IRA Date: 9/20/2005 6:18 PM
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<<Now for the good side question, are the managers the same over those 20 years and will they be the same for the next 20 years that she would be holding the fund? This could be a rather important question when looking at funds: Is the current manager responsible for it and how long will that manager be there? I do realize that American funds use a team management system so that this isn't an easy question but I do think it is worth asking.

Regards,
JB >>

In American Funds case, the average tenior (not likely spelled correctly) is over 20 years. They have some of the lowest manager turnover in the industry. They use a multimanager approach that is very different compared to the rest of the industry. Each manager is responsible for about 8-10% of the total holdings so if/when one leaves, it does not affect the overall direction of the fund -- which is likely why their performance has been so consistent -- and why 50% of all money invested in growth funds in the last few years has been sent to the American Funds family.
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