Fidelity's approach to asset allocation recognizes these four distinct phases of the business cycle.
What are early cycle, mid-cycle, late-cycle, recession?
100
Economic growth rates slow to a "stall speed" against a backdrop of restrictive monetary policy, tightening credit, and a buildup of inventories during this phase of the business cycle.
What is late phase
100
The predetermined changes in asset allocation of a target date fund are referred to as the ________ -path
What is glide
100
These are what RIMR-T stand for
What are Rebalance, Investment Selection, Monitoring, Research, and Taxes
100
What level did the S&P 500 close at yesterday?
What is 2477.57
200
This phase of the business cycle is generally characterized by sharp economic recovery and outperformance of equities.
What is Early Cycle
200
The cycle phases employed in our asset allocation approach typically shift over periods of several (days, months, or years). Unfolding more slowly than tactical approaches whose frequent changes can whipsaw investors.
What is months
200
Neither a target date fund or managed account, algorithm based portfolio managers with no human interaction are referred to as these.
What are robo-advisers
200
If you desire a company stock offset, then this option (Managed account or lifecycle fund) would be appropriate for you
What is managed account
200
This individual is the host of the new Candy Crush game show
What is Mario Lopez
300
This phase of the business cycle is generally characterized by an “overheated” economy and above average rates of inflation
What is Late Cycle
300
In the Early cycle, these bonds High Yield bonds would (over or under) perform Government bonds
What is overperform
300
Target date funds consider this sole constraint when building an asset allocation
What is Time Horizon
300
Based on the last Quarterly Market Update, Global Recession risks are currently (Low, Medium or High)
What is Low
300
This concept is a negative rate of increase in the general level of prices and is problematic as it is difficult for central banks to mitigate and encourages default on loan obligations.
What is deflation
400
This business cycle lasts approximately this long
What is 10 years
400
Between the Technology and Consumer Staples sectors, the ___________ sector is more economically sensitive.
What is Technology
400
True or False, Fidelity Freedom funds contain only Fidelity funds.
What is True
400
According to the last Quarterly Market Update, the US economy is in this stage of the business cycle
What is late
400
This is the person most recently voted off of the show Big Brother
What is I have no idea but if you are confident you get the points
500
This phase of the business cycle tends to be the longest lasting
What is Mid Cycle
500
Fluctuations in the business cycle are essentially driven by changes in these three cycles
What are the credit cycle, the inventory cycle, and the corporate profit cycle
500
At retirement, Freedom Funds hold approximately _____% stock.
What is 55%
500
True or false, PASw has the ability to consider the impact of future guaranteed sources of income?
True
500
Name one type of asset with a positive correlation with unexpected inflation
What is example: real assets, storable commodities