A $\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_$ is designed to meet long$-$term goals using long$-$term $\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_$expectations.

Question $25$ options:

$1)$

Tactical asset allocation; return

$2)$

Tactical asset allocation; risk

$3)$

Strategic asset allocation; risk and return

$4)$

Top$-$down approach; risk and return