Style Drift

Style Drift

The tendency of a broker or investment portfolio manager to alter his or her investment style over time.

Notes:

This occurs for any number of reasons, but one main force is changing trends in the general investing environment. During the dotcom boom, for example, many managers - regardless of the strategies they were initially bound by - were able to justify tech stocks in their portfolio because everybody was buying them.

See also: Broker, Focused Fund, Portfolio, Portfolio Manager, Style