Are mutual fund managers necessary?

Yes, mutual fund managers play an important role in managing mutual funds.

Mutual fund managers are responsible for selecting and managing the securities in a mutual fund's portfolio. They conduct research and analysis to identify securities that align with the fund's investment objectives and strategy. They also monitor market conditions and economic trends to adjust the portfolio as needed.

Mutual fund managers are also responsible for ensuring that the fund is meeting its investment goals and objectives while adhering to the fund's stated investment guidelines. They must make decisions about when to buy or sell securities to ensure that the fund stays on track and achieves its objectives.

In addition to managing the portfolio, mutual fund managers also play a crucial role in communicating with investors. They provide regular updates on the fund's performance and answer investor questions about the fund's investments and strategy.

While mutual fund managers are necessary, their performance can vary. Some mutual fund managers have consistently outperformed their benchmarks, while others have not. Therefore, investors should carefully evaluate the track record and investment approach of a mutual fund manager before investing in a mutual fund.