The manager will make tactical shifts in the fund's asset mix when he feels that stock or bond valuations are at an extreme. (steadyhand.com)
Usually, tactical shifts range from 5 to 10 %, though they can be lower. (investopedia.com)
Bradley believes that active managers can add value by making tactical shifts in asset allocation — though not too often, and always within a fairly narrow range. (moneysense.ca)