Generally speaking, asset allocation has three levels, which are global asset allocation, asset allocation between stocks and bonds, and asset allocation among different industries.

资产配置可以分为三个层次：全球资产配置、股票债券资产配置和行业风格资产配置。

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Wayne Lin, portfolio manager and investment strategy analyst for Legg Mason (LM) Global Asset Allocation, says investors should watch the election carefully and manage their portfolios accordingly.

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Disclosures: Subscribers to the ZYX Global Multi Asset Allocation Alert have been following this strategy since August last year.

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The AdvisorShares Cambria Global Tactical Asset Allocation ETF (GTAA) is one interesting combination of the asset allocation strategy with another recent phenomenon, the actively managed ETF.

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