pp.
The removal by a mutual fund manager of one or more poorly performing stocks just prior to a performance review date.
Example Citation:
"In the investment world, there remain plenty of impenetrable phrases which make sense only to those in the know. A new one crossed my desk the other day. It was 'window undressing'. Like much, but by no means all, investment jargon, it originated in the US. The term applies to the practice of fund managers dumping unsuccessful investments before a review date. Thus, a fund manager might sell technology stocks on which there is a big loss immediately ahead of a quarterly review period so they do not appear on the portfolio valuation."
—"Investment View," Money Marketing, April 5, 2001
—"Investment View," Money Marketing, April 5, 2001
Notes:
Today's phrase actually began life in investment circles as window dressing. Then a wag or two realized that since the fund managers are actually shedding poorly performing stocks, the phrase really ought to be window undressing. Good for them, I say. Here's one such wordsmith at work in the earliest citation I could find:
|
Related Words:
Category:
