shirley2022-04-20 18:48:24

As the after-tax volatility would be reduced by tax, and the correlations of asset classes will remain after the charge of tax, the asset class movements should be larger for a taxable investor than an otherwise equal tax-exempt investor to remain a same risk portfolio.In another words, the rebalancing ranges for a taxable portfolio can be wider than those of a tax-exempt portfolio with a similar riskprofile. 请问这几句话应该怎么翻译怎么理解？我只知道税后的收益、波动都会变小，所以rebalancerange可以设的宽一些。