Asset allocation refers to Group of answer choices
bottom-up analysis.
choosing which securities to hold based on their valuation.
the allocation of assets into broad asset classes.
investing only in "safe" securities.

the allocation of assets into broad asset classes.

Explanation:

The allocation of assets refers to the distribution of the asset on different classes of assets that would be focused on maintaining the risk and rewards with respect to the goal, tolerance power, etc of the investor.

The aim is to increase the reward and reduced the risk at the minimum level so that the allocation of the asset could be done properly

Moreover, it is to be allocated into that classes of assets that are considered to be broad