The PFR Tactical Active solution offers the discretionary active management of both funds and asset weightings across seven distinct asset class groups. Each asset group is populated with Active collective securities aimed at meeting the risk and return characteristics of that group, and is managed by the investment manager as a discrete model. The solution asset allocation is Tactical. This means the investment mangers use their judgement to determine the appropriate asset weightings for any particular risk grade. The investment managers aim to achieve superior returns, for any given level of risk, through active changes to the asset group weightings and by using actively managed funds selected under their own proprietary fund selection process.