sabre

Is there a real difference between Tactical Asset Allocation and Dynamic Asset Allocation, or is it just marketingspeak for the same thing?

stockjaguar

Thanks, Iginla. I will take a look.
yuoska Wrote:
——————————————————-
I’m in the field of asset allocator i.e. pension.
In Australia, we’re called superannuation. The
strategic asset allocation is determined
predominantly by asset consultants. Our role is
really to ensure things go according to investment
policy statements. We also try to generate
investment ideas, fine tune portfolios etc. When
it comes to constructing a portfolio, anything
counts… from your SAA, DAA, TAA then your beta
exposure, risk composition down to transition
cost, rebalancing cost etc.

I believe in the field of fund manager, PIMCO,
Fidelity the type of the shops. The asset
allocation is more determined internally. The rest
should be similar.

I don’t have any recommendation in mind. It
depends on what type of portfolio you’re
constructing. To get you started, I think
Bridgewater has some good research online. SSgA
also has vision series that is available publicly.
Hope it helps.
It does really help. Thank you.
We mainly construct SMA mandates portfolios using 15 to 25 funds across different asset classes and sometimes some simple index following structured products. We have 5 templates based on different levels of equity exposure that then must be adapted to each particular mandate’s restrictions (usually none or very few). At the end we have something like a global mixed fund of funds. The average AUM for a mandate is around 1.5 MM €
In the near future we will also work with SICAVs (containing virtually anything) from 2 to 15 MM € and participate in some funds of funds with specific styles.
In our case, the asset allocation is decided internally by a reduced committee including us.