Mutual funds are categorized based on certain criteria such as investment policies, investment objective and the risk and return profile of the investment assets. In the following table, select the type of fund that matches each of the given descriptions. One of the most aspects of investing is diversification and deciding on which assets the investments will be allocated. To address this need of asset allocation, the mutual fund industry also offers asset allocation funds. Which of the following feature about asset allocation funds is true? The managers of these funds establish a desired allocation mix, and as market conditions change over time, the asset allocation mix also changes. The managers of these funds establish a desired allocation mix but never change the mix based on the market conditions. Mutual funds are categorized based on certain criteria such as investment policies, investment objective and the risk and return profile of the investment assets. In the following table, select the type of fund that matches each of the given descriptions. One of the most aspects of investing is diversification and deciding on which assets the investments will be allocated. To address this need of asset allocation, the mutual fund industry also offers asset allocation funds. Which of the following feature about asset allocation funds is true? The managers of these funds establish a desired allocation mix, and as market conditions change over time, the asset allocation mix also changes. The managers of these funds establish a desired allocation mix but never change the mix based on the market conditions