Which of the following statements is/are correct about a lifecycle investment strategy? (Select ALL that apply)Multiple choice

a. The lifecycle investment strategy reduces the risk of the portfolio as the investor gets older.

b. Not all superannuation funds offer the lifecycle investment strategy.

c. The lifecycle investment strategy has a constant asset allocation as the investor goes through the stages of their life.

d. The strategy is called lifecycle investment strategy because the investment will go through different market cycles.

e. The lifecycle investment strategy’s asset allocation is dynamic, and it allocates more weight to asset classes that are expected to generate higher returns in the near future.