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Which of the following statements is CORRECT about asset allocation? Statement 1 : , Strategic allocation is based upon the investor's long run goals and

Which of the following statements is CORRECT about asset allocation?
Statement 1: , Strategic allocation is based upon the investor's long run goals and long run capital market (symmetric expectations), therefore, changes in allocation for short periods is not allowed.
Statement 2:
One study shows that tactical allocation significantly contributes to the over-all performance of a portfolio.
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