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- Title
Tactical asset allocation: a sure-fire investment technique or just a fad?
- Authors
Jacques, William E.
- Abstract
This article presents the author's negative views of tactical asset allocation (TAA), an investment strategy growing in popularity with fund managers. TAA involves adjusting the asset mix of a portfolio frequently, according to short-term adjustments in its value. He believes advocates of TAA are quick to point out the few occasions when it proved accurate but not the many when it did not. Asserting that market timing is responsible for TAA's performance, the author stresses that schemes to predict the market are illusory.
- Subjects
ASSET allocation; INVESTMENTS; STRATEGIC planning; EQUITY (Law); SECURITIES; DECISION making
- Publication
Financial Executive, 1989, Vol 5, Issue 2, p43
- ISSN
0895-4186
- Publication type
Article