Identifying Tactical Asset Allocation

Emma is an investment manager overseeing a balanced portfolio comprising both equities and fixed income securities. Recently, she has been analyzing market trends and economic indicators closely, observing signs of potential shifts in the investment landscape. Given her analyses, Emma believes that the equity markets will outperform the bond markets over the next 12 months. To take advantage of this outlook, she decides to adjust her portfolio allocation to increase her exposure to equities.

In light of Emma's approach, which of the following best describes the strategy she is employing?