This is a true statement in that the type of investment that does not require periodic rebalancing as well as which does not require the investor to actually change assets allocation is known as a 'Target Date Fund'.
A Target Date Fund refers to a class of mutual funds that periodically rebalance asset class weights to optimize the investor's risk and returns for a predetermined time frame. Typically, the funds are created to build gains in the early years by focusing on riskier growth stocks; then they aim to retain those gains by weighting towards safer, and more conservative choices as the target date approaches.
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Complete question is:
an investment that does not require periodic rebalancing and which does not require the investor to actually change assets allocation is known as a target data fund.
True
False
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