Not surprisingly, skin in the game is a good indicator of fund-manager tenure. But you may be surprised by how much.

According to a new Morningstar study, managers who have invested more than $1 million in their own funds stay twelve years, compared to less than five years for managers who have invested no money at all.  Both stock and bond funds with more manager money also had higher star ratings (although this was not a criteria in the rating system.)

Register or login for access to this item and much more

All Financial Planning content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access