Question

One type of mutual fund does not endeavor to achieve the goals of a balance of bonds and stock or​ growth, income, and stability.​ instead, it focuses on personal​ characteristics, such as age and risk​ tolerance, and your position in the financial life cycle. this is the

Answer 1

The correct answer is the Life Cycle Fund.

The Life Cycle Fund is a mutual fund that is automatically adjusted during the life of the fund. The fund managers work to balance the investments in the fund to match an investor's age and risk tolerance as the investor gets closer to retirement.