After decades of some consultants and institutions ridiculing proponents of tactical asset allocation or deriding it as “market timing,” some have now apparently become convinced of its benefits as a risk diversifier and return enhancer. OMG! According to this article in Pensions & Investments, a number of firms are now poised to roll out their own tactical asset allocation solutions. Bar the door and hide the children.
—-this article originally appeared 10/7/2009. In the last couple of years, tactical asset allocation has actually become fashionable—because buy-and-hold isn’t working. Of course, I don’t think buy-and-hold proponents are dead. Like Monty Python’s parrot, they’re just resting.
