GhostElite5320 GhostElite5320
  • 02-09-2020
  • Business
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Funds that adjust the asset allocation weights in the portfolio to match the needs of an investor who is nearing retirement are known as

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Lanuel
Lanuel Lanuel
  • 03-09-2020

Answer:

Target date funds.

Explanation:

Funds that adjust the asset allocation weights in the portfolio to match the needs of an investor who is nearing retirement are known as target date funds. This is achievable because it can mix up several types of investments, bonds and stocks, which allows the investor to take more risks at a younger age or work in service and move to a more conservative investment with respect to the target date.

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