Home > Term: balanced target maturity funds
balanced target maturity funds
Funds that invest to provide a guaranteed return of investment at maturity (targeted periods). Some of the assets are invested in zero-coupon U.S. Treasury securities, while the remainder is invested in equity securities for long-term growth of capital and income.
- Part of Speech: noun
- Industry/Domain: Financial services
- Category: Funds
- Company: Merrill Lynch
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- MJ63
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