Question 18 5 Which two statements are true about both the strategic asset allocation and the tactical asset allocation? Strategic Asset Allocation Tactical Asset Allocation a. Is the asset allocation based off the IPS Based off short term expectations b. Accounts for 94% of the variability in returns Normally dictates 60% equity, 30% bonds and 10% alternatives and cash Empirically successful when used by active managers Dictates that weighting for asset classes should be stated by ranges rather than exact percentages C. d. Empirically successful when used by active managers Accounts for 94% of the variability in returns O d. O a. Ob. . motion 10