Staying the Course: The Impact of Investment Style Consistency

Nov 29, 2001 · In either case, it is quite possible that Fund B requires a higher degree of portfolio turnover (measured in a given period as the dollar level of fund sales divided by the average market value of the fund’s total assets) than Fund A. Note, however, that style consistency does not imply a buy-and-hold portfolio; matching the movements in oft ... ................
................