With market performance dreadful for most funds, there has been a rapid increase in sub-advisor switches, right?
Despite a couple of high-profile changes earlier this summer, apparently not. Sub-advisors, who are hired by fund companies to manage portions of their assets, may be more closely scrutinized by the advisors of the funds they manage than ever before. But if they are, it isn't showing up in the numbers--at least yet. But what may be changing is the way fund companies approach and publicly announce such scrutiny.