Taking the time to build a solid strategic asset allocation that anchors and disciplines tactical allocations leads to better client outcomes, explains Brendan McCurdy
Tactical investment views are invariably interesting topics for client-review meetings - just remember they should not be the bedrock of a portfolio. A good strategic asset allocation is, in our opinion, the critical underpinning of comprehensive investment strategy - including for disciplined tactical trades. Long-term strategic asset allocation can be the single thing that makes a prescient directional call by the chief investment officer (CIO) and other investment managers that much more valuable to client outcomes. Let's illustrate the point with a hypothetical - how likely is it ...
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