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Martin Campbell wants to invest in mutual funds. He plans to retire in 2030. He would like the fund to adjust it's portfolio to more conservative as he nears retirement. Which type of fund would you recommend

Respuesta :

Answer:

Target date fund

Explanation:

Remember, Martin Campbell already has a target date so to speak which is 2030 he plans to retire.

Therefore, Martin should select a target date mutual fund because it would adjust it's portfolio annually to a more risk free or conservative savings  amount as he nears his retirement date. This would favor his investment plans.