What exactly is an allocation fund?? I've been wondering this and trying to research them. Any insight would be valuable.THANKS!
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
If you want another reference http://www.mutual-funds.com/mfmag/stories/2002/february/one_stop.html is a link to an article about them.HTH,JB
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