@article {Kuenzi35, author = {David E. Kuenzi}, title = {Tracking Error and the Setting of Tactical Ranges}, volume = {13}, number = {1}, pages = {35--44}, year = {2004}, doi = {10.3905/joi.2004.391040}, publisher = {Institutional Investor Journals Umbrella}, abstract = {Investment managers often use tactical ranges around portfolio exposures to assure clients that tracking error to the benchmark will be limited. As these tactical ranges represent a crucial policy issue, they should be determined with great care. Here is a description of a process for establishing these ranges and an analytical method for determining the relationship between tactical ranges and tracking error, using an example from the municipal bond market.}, issn = {1068-0896}, URL = {https://joi.pm-research.com/content/13/1/35}, eprint = {https://joi.pm-research.com/content/13/1/35.full.pdf}, journal = {The Journal of Investing} }