Asset allocation fund
An asset allocation fund is a fund that provides investors with a diversified portfolio of investments across various asset classes. The asset allocation of the fund can be fixed or variable among a mix of asset classes, meaning that it may be held to fixed percentages of asset classes or allowed to go overweight on some depending on market conditions. Popular asset categories for asset allocation funds include stocks, bonds and cash equivalents that may also be spread out geographically for additional diversification—Read more at Investopedia. Chen, James. “Asset Allocation Fund.” 7 June 2019.