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What exactly is an allocation fund?? I've been wondering this and trying to research them. Any insight would be valuable.
THANKS!
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Greetings Ryan,
What exactly is an allocation fund??
An allocation fund would an investment company created under the 1940 Investment company act, ie a fund, with the intent of having a given mixture of various assets that are subject to change, ie an allocation.
They typically are labelled Asset Allocation funds are tend to be a mix of stocks and bonds that change depending on the manager's style and market performance. Another name would be Life Cycle funds if you're looking at say Markman's Multi-funds or Vanguard's LifeStrategy fund of funds.
Any insight would be valuable.
Sites like www.morningstar.com tend to have much more fund information than TMF, fyi.
JB
