The target allocation for a specific asset class has been set at 20% of total assets under an asset allocation scheme. The manager is permitted to reduce this percentage to 15%; and can increase it to 25%; as he or she sees fit. The setting of the 20% target allocation is called:A. portfolio rebalancing
B. strategic asset management
C. tactical asset management
D. active asset management

C. tactical asset management

Explanation:

Selecting the percentage of total asset to be allotted to a given asset is known as strategic asset management. The percentage of variation from which the asset manager can choose from is called Tactical asset management, so that the manager can take advantage of opportunities within the market.

Tactical asset management is a constantly changing investment strategy that deliberately changes portfolio asset allocation so as to maximize market opportunities.

C. Tactical Asset Management

Explanation:

Choosing the percentage of the total assets which have to be allocated to a particular asset class is called "strategic asset management"- which is, determining the investment plan.

The allowed deviation from such a percentage provided to the investment manager is considered "tactical asset management," such that the manager may take full advantage of investment opportunities.

you had 23.00$ because 28 - 5 = 23 then put it in dollar form