GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW) | ||||||
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13:04 Oct 27, 2003 |
English language (monolingual) [PRO] Bus/Financial - Investment / Securities / Investment funds | |||||||
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| Selected response from: Jacques Saleh United States Local time: 15:23 | ||||||
Grading comment
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de se debarrasser des actions cheres Explanation: He is getting rid of expensive stocks, selling them to buy less overvalued ones... |
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Grading comment
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to switch into sectors with a lower P/E ratio Explanation: "Overvaluation" is usually measured in terms of the price/earnings ratio - "rotate" refers to a sector rotation, where IT issues are sold and other sectors (with a lower P/E) are bought. |
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restructure the portfolio by replacing the IT stocks with higher upside potential stocks Explanation: The phrase means that the fund manager wants to re-appraise his/her portfolio and move out some of the overvalued and high-risk IT stocks with more reasonably priced stocks. |
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