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A balanced fund is a type of
mutual fund that spreads its investments among stocks, bonds and cash equivalents in order
to achieve moderate growth of both income and capital. Generally speaking, balanced funds
are considered to be middle-of-the-road – neither too conservative nor too
aggressive.
You should remember that, as a rule, it is never a good idea to invest in any fund until
you read its prospectus and understand the risks involved.
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