The following is the opening paragraph in this article from REUTERS:
“Portfolio managers will be doing some last-minute shopping for winners from the big stock market rally as they take part next week in the quarter-end ritual of window dressing.”
So what is exactly is window dressing?
A strategy used by mutual fund and portfolio managers near the year or quarter end to improve the appearance of the portfolio/fund performance before presenting it to clients or shareholders. To window dress, the fund manager will sell stocks with large losses and purchase high flying stocks near the end of the quarter. These securities are then reported as part of the fund’s holdings.
While articles like the one we cited in our first paragraph are talking about window dressing now, the process likely started last week. However the market is up
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