FYI: Tactical-allocation funds aim to deliver better absolute or risk-adjusted returns than static allocation funds by deftly switching exposure among asset classes. Portfolio managers may evaluate the attractiveness of an asset class using signals such as relative valuations, price trends, economic indicators, sentiment analysis, or a combination of these metrics. Although this may seem like a fruitful area for active management, tactical allocation is hard, and most that try have failed. Sticking to a long-term strategic allocation
Regards,
Ted
https://www.morningstar.com/articles/922123/do-tacticalallocation-funds-deliver.html
