By SIMON CONSTABLE
To most people the holiday season means decorations at home and at work, but it also
can mean “window dressing” in your mutual fund.
This somewhat disparaging term is used to describe the practice of a mutual fund
making cosmetic changes to its portfolio just before the end of each calendar quarter.
It’s done because funds publish their exact holdings of securities four times a year
based on what they own at the end of each quarter. See original story here.
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