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Submitted by Sheldon Xie on

Hi Brandon,

Thanks for the update. Just a quick question that I think somehow is related. Cambridge portfolios used to have high portfolio turnover rates. Based on a quick check, some mandates still have pretty high turnovers (for example the turnover rate for CI Cambridge Canadian was 120% as of March 2018), and I was wondering how the team views this? Does it have anything to do with timing?
Thanks in advance for your thoughts.

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