Dedicated Portfolio
A passive form of portfolio management that involves the matching of future cash flows with future liabilities.
Investopedia Commentary
The process of dedicating a portfolio may be used as an alternative to multiperiod immunization. Since the portfolio is usually comprised of investment-grade instruments, there is usually no need to rebalance the portfolio. Additionally, the payments are almost always guaranteed.
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See also: Active Management, Immunization, Investment Grade, Passive Management, Portfolio, Portfolio Management