A mutual fund that emphasizes well-balanced return of income and long-term capital gains is a ____ fund.

Question

Quizplus · Accepted Answer

A balanced fund seeks to provide a mix of both current income and long-term capital gains, making it the best choice for the given description. Growth funds focus more on long-term capital appreciation, while current income funds aim for high current income. Long-term growth funds emphasize long-term capital growth.

A Mutual Fund That Emphasizes Well-Balanced Return of Income and Long-Term