asset allocation fund
A fund that attempts to achieve diversification by dividing its holdings between a broad range of investments. The prospectus for every fund will disclose the specifics of its investment policy, but in general, an asset allocation fund is likely to hold assets in a range of stocks, bonds, U.S. government securities, precious metals, and Cash instruments.
Browse by Subjects
American Psychological Association (APA):
Chicago Manual of Style (CMS):
Modern Language Association (MLA):