Definitions for "Asset Class"
The category each asset or security belongs to (e.g. Large Cap Stocks, Small Cap Stocks, International Stocks, Bonds, or Cash).
A broadly defined category of financial assets (eg. domestic shares, overseas bonds, cash, etc).
A broad categorization of an investment. The main asset classes are Stocks, Bonds and Cash Equivalents.
a series of securities whose price tends to move in a similar direction based on external market conditions