There are three distinct classes of asset allocation. Namely;
1. Long term asset allocation
2. Active asset allocation
3. Portfolio insurance
The objective of portfolio insurance being to protect against
unacceptable portfolio performance or adverse market action.
A further exposition for a better understanding maybe read at:
Visit: http://www.narachinvestment.com/asset_allocation_classes.htm
(You may click on the link above or type the complete URL address into
your browser)
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