Summary: When choosing a fund manager, consider their long-term past performance, as well as whether they offer fresh ideas. Look at the size of the fund, the fee level, whether the team has the right people on board and whether its philosophy matches your own.
Key take out: Look for a fund manager who is likely to outperform the index. If a manager doesn't beat the index, the same return is available in an ETF for a lower cost.
Key beneficiaries: General Investors. Category: International investing.