Articulating asset allocation across different time horizons

In a previous paper, we addressed the issue of how to set investment objectives. In this paper, we address another key issue in the definition of asset allocation: how to articulate it across different time horizons. 

More specifically, we aim to answer the following questions:

  • What are the typical definitions of strategic and tactical allocation as well as of medium-term asset allocation as an intermediate layer?
  • What are the decision drivers across these different horizons?
  • How is investment governance organised at these three levels?
  • How does one budget risk across them?

You can now read the full whitepaper at the link below