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
A)index fund.
B)sector fund.
C)growth and income fund.
D)balanced fund.
E)life cycle fund.

Question

Quizplus · Accepted Answer

The description fits a life cycle fund, which is tailored to an individual's age and risk tolerance. Index funds focus on tracking a specific stock or bond market index, sector funds invest in specific industries, growth and income funds aim for a balance between growth and income, and balanced funds strive for a balance of stocks and bonds.

One Type of Mutual Fund Does Not Endeavor to Achieve