Guardian Park Avenue has an excellent long-term track record. As a rule of thumb, if a fund has a good long-term track record, it will probably do well under a new manager. Meanwhile, funds with poor long-term track records, probably will continue to underperform. Over the past 15 years, the fund has outperformed the vast majority of its peers. It carries a five-star rating by Moringstar Inc., Chicago.
Taxes are another consideration.
Your investment has grown at nearly 20 percent annual rate over the past decade. Morningstar analyst Paul Herbert says that over the past year, Guardian's new managers have invested more heavily in technology stocks. Plus they bought smaller company stocks. As a result, the fund is riskier today. But it also has greater upside potential.