Limited Mutual Fund Market Timing / Asset Allocation Agreement definition

Limited Mutual Fund Market Timing / Asset Allocation Agreement means an “investment management contract” (1) under the terms of which a “registered investment adviser” is given authority to shift the assets of his/her/its “clients” between various mutual funds and (2) where the "registered investment adviser" does not retain custody or otherwise have access to any “client” funds other than for the limited purpose of paying fees earned pursuant to the explicit terms of that agreement.

Related to Limited Mutual Fund Market Timing / Asset Allocation Agreement