Question: Which of the statements below is incorrect regarding the difference between Strategic Asset Allocation *SAA) and Tactical Asset Allocation (TAA)? O An SAA without TAA

Which of the statements below is incorrect
Which of the statements below is incorrect regarding the difference between Strategic Asset Allocation *SAA) and Tactical Asset Allocation (TAA)? O An SAA without TAA may not be able to achieve investment objectives IF the portfolio manager does not ensure a pre-defined minimum level of diversification. O TAA can produce higher returns over the SAA returns IF the portfolio manager has the ability to forecast future market performance with relative certainty. O SAA is an allocation for the long term while TAA is an allocation for the forecastable future (short term). O TAA allows for taking controlled additional risk over the SAA by ensuring all assets remain within the minimum and maximum ranges. O SAA is only relevant at the asset class level, while TAA is allocation of sub-assets within each asset class

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