tactical income approach and strategic income approach

what these? can not found explaination.

dont know. my guess: this is a PM issue with asset allocation. You have ranges for asset classes, lets say FI is usually 40%-50%, thats your strategic range. If you move that range for a short/intermediate term, thats tactical. So maybe in this case you want to go to pursue some high income opportunities, raising your FI up to 60% to tilt that. thats just my guess

Tactical is short terms earning/income stream focus, Strategic is long term growth focus…in other words with Strategic you sacrifice earnings over the short term for long term growth…either could be good…depends on your IPS or investment objectives. J.