Tuesday, April 12, 2011

On The Turnover Of T-Rank 2.0

Someone asked me about the average annual turnover. My answer is: the portfolio is rebalanced every week, and the average weekly turnover is 15%. I know this would be a huge number to fundamental investors. Turnover shouldn't be a big problem as far as performance is concerned. A 0.5% slippage is deducted for every transaction.

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