Window Dressing

Fancy Way to Say: Show the Mutual Fund Holders What They Want to See Mutual Funds send out quarterly reports to their holders which detail, among other things, the Fund's holdings as of the end of the quarter. This happens four times a year (March, June, September, December). What happens on the last day of the quarter is fund managers will want to get some of the quarter's biggest winners into the portfolio to show investors they do own these big gainers. Also, they may blow out the big losers so as not to be invested in a 'dog'. These last minute shenanigans cause exaggerated moves in these stocks.

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