Asset Allocation Fund - AAF

Asset Allocation Fund - AAF

A mutual fund that splits its investment assets among stocks, bonds and other investment vehicles in an attempt to provide a consistent return for the investor. Also referred to as a "diversification fund".

Notes:

In other words, this is a mutual fund that diversifies your assets among different investment products such as stocks, international stocks, corporate bonds, money market securities and cash. This type of fund offers wide diversification in one fund, as opposed to investing in several funds to obtain this.

See also: Asset Allocation, Blended Fund, Diversification, Mutual Fund