Portfolio Pumping
外汇网2021-06-19 13:40:01
124
The illegal act of bidding up the value of a fund's holdings right before the end of a quarter, when the fund's performance is measured. This is done by placing a large number of orders on existing holdings, which drives up the value of the fund. Also known as "marking the close".
Portfolio pumping can be highly destructive for investors in the fund because it is a temporary gain and the stocks will generally fall back to pvious levels once the price manipulation is over. For example, if a fund has 1,000 shares of ABC purchased for $10 per share, if the shares are trading at $9 right before the managers’ performance is measured, they will have performed poorly. As a result, the managers may resort to portfolio pumping and place enough orders to bid the price to $14, dramatically increasing the fund’s performance. However, it is likely that the shares will fall back towards $9, leaving investors with a $9 stock that was made to look like a $14 stock.
标签：
随机快审展示
推荐文章
- 黑马在线:均线实战利器 8787 阅读
- 短线交易技术:外汇短线博弈精讲 4102 阅读
- MACD震荡指标入门与技巧 4234 阅读
- 黄金操盘高手实战交易技巧 4586 阅读
- 做精一张图 3333 阅读
热门文章
- 港币符号与美元符号的区别是什么啊？ 25256 阅读
- 我国各大银行汇率为什么不一样啊？ 15396 阅读
- 越南盾对人民币怎么算的？越南盾对人民币汇率换算方法是什么 10369 阅读
- 百利好环球欺诈，不给出金，无法联系。 9906 阅读
- 黑马在线:均线实战利器 8787 阅读