asset allocation fund

Definition

A single mutual fund which tries to accomplish the goals of asset allocation all by itself. Such a fund invests in a variety of securities in different asset classes. The purpose is to provide investors with truly diversified holdings and consistent returns, while sparing the investor the trouble of having to accomplish asset allocation by purchasing a large number of different funds. Some asset allocation funds have a specific breakdown of asset classes that they try to maintain over time, while others vary the composition as opportunities and circumstances change.

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The asset allocation fund was vet up and everything was looking good ad everyone was on top of their duty.

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You should try and hold a separate asset allocation fund that you can use to know that you are in good shape.

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During times of crisis asset allocation funds are able to prevent you from redeeming your money because they are considered to be a financial instrument unlike a simple checking or savings account.

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asset allocation asset backed commercial paper