One type of mutual fund spreads investors' money across equity markets, bond markets, and money markets. Moreover, as market conditions change, the amount of money invested in each market sector will change. This type of mutual fund is known as a(n)

Question

Quizplus · Accepted Answer

Asset allocation funds are designed to invest across various asset classes, including equity, bond, and money markets. The allocation to each sector is adjusted based on changing market conditions, aiming to optimize the balance between risk and return.

One Type of Mutual Fund Spreads Investors' Money Across Equity