Window Dressing

Came across this phrase very often in Cbox recently. Decided to look up the meaning of this word.

From investopedia,

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.

http://www.investopedia.com/terms/w/windowdressing.asp#axzz1qaZw08rC


In short, BBs are trying to beautify their funds/portfolio by selling losses and purchasing high flying stocks so that it look nice.

So Smart!