asset allocation fund

asset allocation fund definition - finance
A mutual fund that invests in a set mixture of equities, fixed-income securities, and money market instruments. These funds are required to maintain a precise weighting in each asset class, unlike a flexible portfolio fund. See also flexible portfolio fund.

Webster's New World Finance and Investment Dictionary Copyright © 2003 by Wiley Publishing, Inc., Indianapolis, Indiana.
Used by arrangement with John Wiley & Sons, Inc.

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