Strategic investment yields bigger impact than tactical, say managers
Central Banking Summer Meetings: Active investment is essential to understand market dynamics
Decisions on strategic asset allocation (SAA) have a larger impact on the performance of reserves portfolios than tactical investing, say central bank officials.
Nonetheless, active investment is essential to better understand market dynamics, especially during times of volatility, reserve managers said at the Central Banking Summer Meetings in London on June 13.
“It’s very important that we allow some tactical positions. If you don’t have that, none of our traders would have any kind of skin
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