portfolio turnover rate
Definition
A measure of how often securities are added to or removed from a given portfolio. The portfolio turnover rate for a given period is expressed as the ratio of bought or sold assets to the overall value of the portfolio.
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A Mutual Fund's Turnover RateBefore investing in a mutual fund, consider its portfolio turnover rate. A fund's portfolio turnover rate measures the frequency with which it buys and sells securities. A fund that rapidly buys and s ... Read more
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