A mutual fund that invests in common stocks and bonds with the primary objectives of conserving principal,providing income,and long-term growth is called a ____________ fund.

Question

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A balanced fund is a type of mutual fund that invests in a mix of common stocks and bonds with the primary objectives of conserving principal, providing income, and long-term growth. This type of fund is often considered a moderate or conservative investment option, which may appeal to investors seeking a balanced approach to risk and return. Growth funds focus more on capital appreciation, industry funds specialize in specific sectors, income funds prioritize generating regular income, and money market funds invest in short-term debt securities.

A Mutual Fund That Invests in Common Stocks and Bonds