Usually means: Categories of investment with similarities.
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We found 8 dictionaries that define the word asset class:

General (3 matching dictionaries)
  1. asset class: Dictionary.com
  2. Asset class: Wikipedia, the Free Encyclopedia
  3. asset class: Wiktionary

Business (5 matching dictionaries)
  1. INVESTORWORDS (No longer online)
  2. Asset Class: Investopedia
  3. Asset class: Securities Terminology
  4. Asset class: Financial dictionary
  5. Yahoo Tax Center Glossary (No longer online)

Definitions from Wiktionary (asset class)

noun:  (finance) A group of financial instruments that have similar financial characteristics and behave similarly in the marketplace.

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