Italian translation: prestazione inferiore / rallentamento di prestazione
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GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
English term or phrase:
drag on performance
prestazione inferiore / rallentamento di prestazione
English to Italian translations [PRO] Bus/Financial - Finance (general) / panoramica dei mercati
English term or phrase:drag on performance
The Fund underperformed its benchmark in January due to positioning relative to credit quality, security selection and a drag on performance associated with cash. While the Fund has been pursing a generally up-in-quality strategy, it remained under-weight BB-rated securities through the month. The Funds over-weight positioning in the embattled Technology sector which had sharply negative returns was also a contributor to underperformance.