Usually means: Adjusting portfolio weights for opportunities.
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We found 10 dictionaries that define the word tactical asset allocation:

General (2 matching dictionaries)
  1. tactical asset allocation: Dictionary.com
  2. Tactical asset allocation: Wikipedia, the Free Encyclopedia

Business (8 matching dictionaries)
  1. MoneyGlossary.com (No longer online)
  2. INVESTORWORDS (No longer online)
  3. Tactical Asset Allocation: bizterms.net
  4. Tactical Asset Allocation: Bloomberg Financial Glossary
  5. Tactical asset allocation (TAA): Harvey Financial
  6. Tactical Asset Allocation: Financial dictionary
  7. Tactical asset allocation (TAA), Tactical asset allocation: WashingtonPost.com: Business

Definitions from Wikipedia (Tactical asset allocation)

noun:  a dynamic investment strategy that actively adjusts a portfolio's asset allocation.

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