What's the meaning of Strategic Asset Allocation？

Strategic Asset Allocation is a long-term investment strategy that involves dividing an investment portfolio among different asset classes such as stocks, bonds, and cash. The allocation is based on the investor's risk tolerance, investment goals, and time horizon. The goal of strategic asset allocation is to create a diversified portfolio that can weather market fluctuations and provide consistent returns over time. This approach is often used by institutional investors such as pension funds and endowments, but it can also be applied by individual investors looking to build a well-diversified investment portfolio.