Glossary

Lifestyle Funds

Investment funds, usually the reserve of long-term pension savings, that feature an asset mix determined by the level of risk and reward that is appropriate for that particular investor at a particular life stage. Factors taken into account include their age, risk appetite, investment objective and timeframe. They can be cautious, balanced or adventurous in nature, which tend to fall in line with the factors outlined above. Target date funds tend to fall into this category.