Managed funds that vary the proportions of funds invested in particular market sectors according to the fund manager's forecast of the performance of that market sector, are called ________.

Question

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Asset allocation funds adjust their investment proportions based on the manager's forecast of market sector performance. Balanced funds typically have a fixed proportion of equity and fixed income investments, while index funds track a particular market index, and income funds focus on generating income through fixed income investments.

Managed Funds That Vary the Proportions of Funds Invested in Particular