Need a Tactical Edge? Look to 'Global Allocation' Funds

Morningstar fund analyst Kevin McDevitt doesn’t want to talk about it. "We could be on the phone all day talking about categorization," he says. Here are just a few names: Global Tactical Asset Allocation, All-Asset, Multi-Asset, Mixed-Asset, Alternative Multi-Strategy, Global Flexible Portfolio, Global Macro, Global Multi-Asset and so on.

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