The financial definition for Portfolio turnover rate:

For an investment company, an annualized rate found by dividing the lesser of purchases and sales by the average of portfolio assets.

Similar Matches

Characteristic portfolio

Characteristic portfolio A portfolio which efficiently represents a particular asset characteristic. For a given characteristic, it is the minimum risk portfolio, with portfolio characteristic equal to 1. For example, the characteristic portfolio of asset betas is the benchmark. It is the minimum risk beta = 1 portfolio.

Complete portfolio

Complete portfolio The entire portfolio, including risky and risk-free assets.

Duplicative portfolio

Duplicative portfolio Mainly applies to derivative products. Basket of stocks that imitates the price movement of another set of securities (e.g., S&P 500 index).