There are basically two kinds of transactions covered, those with an intent to defraud creditor which can be void even if you are solvent at the time, and those that are fraudulent as a matter of law without regard to intent because they transfer property for less than
reasonably equivalent value at a time when someone is, or imminently will be, insolvent.
Even with this huge, $ 4.6 trillion increase in total mutual fund
value, the late 2007 percentage allocation was 25.7 % in cash and
equivalents, 17.0 % in fixed income, and 57.7 % in equities — again
reasonably similar to mid-2004 with a moderate shift of
value toward equities.