Dictionary of Business Terms: balanced mutual fund
balanced mutual fund
fund that buys common stock, preferred stock, and bonds in an effort to obtain the highest return consistent with a low-risk strategy.
Dictionary of Finance and Investment Terms: balanced mutual fund
balanced mutual fund
fund that buys common stock, preferred stock, and bonds in an effort to obtain the highest return consistent with a low-risk strategy. A balanced fund typically offers a higher yield than a pure stock fund and performs better than such a fund when stocks are falling. In a rising market, however, a balanced mutual fund usually will not keep pace with all-equity funds.
