Strategic Asset Allocation
A portfolio strategy that involves periodically rebalancing the portfolio in order to maintain a long-term goal for asset allocation.
Investopedia Commentary
At the inception of the portfolio, a "base policy mix" is established based on expected returns. Because the value of assets can change given market conditions, the portfolio constantly needs to be re-adjusted to meet the policy.
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See also: Asset, Asset Allocation, Portfolio, Tactical Asset Allocation