Pragmatic Asset Allocation Model for Semi-Active Investors

The primary motivation behind our study stems from an observation of the Global Tactical Asset Allocation (GTAA) strategies throughout the existing papers — the majority of them require relatively frequent rebalancing from the point of view of the ordinary investor. Portfolio rebalancing is usually done on a weekly or monthly basis, and while this period may seem overly boring and slow for the majority of traders (who like to trade on intraday or daily basis), fans of GTAA strategies are not traders; they are investors. Of course, some like to follow the ebbs and flows of the market, read financial news, and like to be deeply involved in the process of building and testing strategies and picking just the right investments. But a lot of investors just want to have a life. The financial market is not their hobby. However, on the other hand, they also do not want to hold just the passive buy & hold portfolio (which they often see as too inert when something really important happens). Recognizing the demand for the semi-active strategy, we introduce our novel Pragmatic Asset Allocation.

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