2014•Lund University Publications Student Papers (Lund University)Open access
Strategic and tactical asset allocation - is it really used?
Johanna Gustafsson
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Abstract
The purpose with this thesis is to examine if strategic and tactical asset allocation are used within Swedish balanced funds and to outline how these investment strategies are used, by identifying trends. Compiled data over the asset allocation within Swedish balanced funds 12 years back has been analyzed by defining strategic and tactical asset allocation in quantitative terms. With several hypothesis tests a conclusion was drawn that there are significant long term trends for three out of four asset classes. Over time, the amount of equities has decreased and the amount of other derivatives and unit trusts have increased. Tactical asset allocation has been used within Swedish balanced funds and it is a function of stock index, conjunction indicator and interest rates for almost all asset types.
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