Having no cash or cash equivalents in one's portfolio.
Used to describe an investor whose assets are totally committed to investments, typically stock.
A minimum of 95% of the market value of the portfolio must be invested in approved securities at all times. Cash positions for the remainder of the portfolio should not be employed for tactical asset allocation purposes, but only for facilitating transactions from one active position to another.
The investment of nearly all available assets in securities other than short-term securities (such as savings and money market accounts). When a fund is said to be "fully invested," it usually implies that the fund's manager is confident that the securities markets will be improving.