Portfolio turnover

By | 2017-09-13T15:22:13+00:00 13th September 2017|

Portfolio turnover is how frequently assets within a fund are bought and sold by the managers. Portfolio turnover is calculated by taking either the total amount of new securities purchased or the amount of securities sold – whichever is less – over a particular period, divided by the total net asset value (NAV) of the fund. The typical reporting period for portfolio turnover is 12 months.