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One category of mutual funds are considered hybrid funds because they can invest in both stocks and bonds. This particular fund category adjusts the proportion
One category of mutual funds are considered hybrid funds because they can invest in both stocks and bonds. This particular fund category adjusts the proportion of different asset classes in order to match the investment horizon of the investor. In other words, the allocation to stocks and bonds automatically change over time in this type of fund. What is this type of fund called?
A) Asset Allocation Fund | ||
B) Alternative Strategy Fund | ||
C) High Yield Fund | ||
D) Target Date Fund |
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