______ are balanced funds in which the asset mix can range from aggressive (primarily marketed to younger investors) to conservative (directed at older investors)

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Life-cycle funds, also known as target-date funds, are balanced funds that adjust their asset mix based on a specific target retirement date. The fund is designed to become more conservative as the target date approaches, making it suitable for investors of different ages and risk tolerance levels. This makes them a good choice for investors who want a balanced fund but may not have the expertise or time to adjust their asset mix themselves. Hedge funds are not typically balanced funds and are typically only available to accredited investors. Index funds and equity funds may not provide the same level of balance and diversification as life-cycle funds.

______ Are Balanced Funds in Which the Asset Mix Can