Business, Legal & Accounting Glossary
1. A measure of how quickly a fund turns over its holdings during the year. A highly active fund will have a high annual turnover. It is equal to the dollar transaction volume of the trades in one year divided by the total portfolio size, expressed as a percentage. 2. For a company, the amount of business it conducts during a year, usually measured through income or sales.
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This glossary post was last updated: 20th November, 2021 | 0 Views.