RLAM's Fox: Should portfolio turnover be high at the moment?

Don't just stand there, do something! Most people will be familiar with this phrase, often shouted when some unexpected event causes chaos or disruption in the world around them. At these times, it is seen to be proactive and wise to do something. What exactly that ‘something' is, is of course open for debate. But when the unexpected occurs, it is rarely seen to be wise or acceptable to sit quietly and observe. To anyone observing geopolitics and economics, and their impact on equity and bond markets, chaos might seem a relevant description this year. The meltdown in the bond marke...