Balanced Fund
A balanced fund is a pooled investment that holds a mix of stocks and bonds designed to provide growth and income within a single portfolio. It typically targets a specific asset-allocation mix (for example roughly 60% equities and 40% bonds) and rebalances to maintain that mix.
Example: An investor may choose a balanced fund with a 60/40 target mix to gain exposure to both U.S. stocks and investment-grade bonds within a single fund.
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