Asset Allocation Funds - As market status changes, these funds shift assets among stocks, bankd and money market securities. Also, unlike many mutual funds, these funds usually ahve no limits on the percentage of assets that can be invested in each asset class at any given time.
Balanced Funds - Seek to provide conservation of capital, current income and long-term growth of capital and income by investing in stocks, bonds and other fixed- income securities.
Income Mixed Funds - Seek to provide current income and , secondarily, growth of capital through a flixible mix of equity and debts instruments.
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