Love and Kraatz (2009) use changes in reputation as an additional measure of turnover strategies' effectiveness.
If dealing in small amounts, this can make trading ETFs expensive and erode returns especially if the investor engaged in high turnover strategies.
"It's very difficult to have a successful high-turnover strategy".
The partners have also stuck to a low-turnover strategy, holding on to all the companies in their flagship $1.5 billion Ameristock Mutual Fund, made up of domestic equities.
"Chironis took advantage of the trust placed in him by the Sisters of Charity and convinced the nuns to engage in a high turnover trading strategy unfit for their investment needs," wrote the SEC's George S. Canellos.
"Chironis took advantage of the trust placed in him by the Sisters of Charity and convinced the nuns to engage in a high turnover trading strategy unfit for their investment needs," said George S. Canellos, Director of the SEC's New York Regional Office in a statement.
Taxable bonds, hedge funds, real estate investment trusts and high-turnover equity strategies all fall into the tax-inefficient camp.
It led a hand-to-mouth existence, handicapped by staff turnover, changes of strategy and a lack of capital.
Average annual results (with 95% confidence intervals) obtained for the 20 year evaluation period (calculated from 1,000 simulations for each combination of network turnover and vaccination strategy in a simulated population of about 80,000 individuals (2,000 simulations each for baseline turnover; boldface line).
In understaffed settings with high turnover, a possible strategy to offset this challenge would be to expand the initial training in order to establish a larger pool of trained staff, creating redundancy and allowing other staff members to substitute for those who leave.
Given the high turnover of momentum strategies, those greater costs are likely to eat up any potential profits.
