Meaning of “balanced fund” in the English Dictionary

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"balanced fund" in Business English

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balanced fundnoun [ C ]

uk us

FINANCE a type of investment in which money is invested in both shares and bonds in order to reduce risk:

The firm's balanced fund seeks long-term growth by a balance of capital appreciation, income, and preservation of capital.

(Definition of “balanced fund” from the Cambridge Business English Dictionary © Cambridge University Press)