The best replacement for asset allocation is diversification.

The best alternatives to asset allocation are rated as following:
★★★★★  diversification
★★★★★  security selection
★★★  market timing
★★★  stock picking
★★★  stock selection
★  tactical asset allocation
★  strategic asset allocation
★  balanced funds
  capital allocation
  tactical
  strategic
  asset location

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Google Trends

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asset allocation
diversification
security selection