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From The Glossary »

Asset Allocation Funds:

Asset Allocation funds used to be called balanced funds or managed funds. Essentially, these funds take away the need for you to decide how to allocate your assets to shares, bonds or cash, unlike other investments, where you have to make this choice. They were one of the first categories of funds to be launched in South Africa. They were originally designed as ideal long-term investment vehicles for people who wanted to invest their pension and ...

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