Mutual fund investors delegate all of the following decisions to the fund's managers EXCEPT

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Mutual fund investors typically choose the type of mutual fund based on their investment goals, which inherently includes the fund's asset allocation strategy (e.g., stocks, bonds, cash, real estate). Therefore, while fund managers make specific investment decisions within the fund's stated objectives, the overall asset allocation decision aligns with the type of fund chosen by the investor, not the fund manager.

Mutual Fund Investors Delegate All of the Following Decisions to the Fund's