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A diversified portfolio that automatically shifts the asset mix away from equities and toward more conservative fixed-income investments as you approach the year of your retirement is called a(n) ____ fund. (Points : 1) index target-date retirement exchange-traded money-market
A diversified portfolio that automatically shifts the asset mix away from equities and toward more conservative fixed-income investments as you approach the year of your retirement is a target-date retirement fund.
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Asked 1/6/2015 12:39:43 PM
Updated 7/12/2015 11:54:01 AM
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Edited by debnjerry [7/12/2015 11:54:01 AM]
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A diversified portfolio that automatically shifts the asset mix away from equities and toward more conservative fixed-income investments as you approach the year of your retirement is a target-date retirement fund.
Added 7/12/2015 11:53:43 AM
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