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Some balanced funds determine the proportion of balanced securities in advance, usually maintaining 50% common stock, 50% bonds and preferred shares. Its main investment purpose is to obtain debt interest and dividends from fixed-income securities such as bonds and preferred stocks, and at the same time gain capital appreciation of common stocks. Therefore, it is welcomed by investors who pursue asset appreciation and stable income. Balanced fund is a fund that pursues both long-term capital appreciation and current income. These funds mainly invest in bonds, preferred stocks and some common stocks. The portfolio proportion of these securities is relatively stable. Generally, 25%-50% of the total assets are used for preferred stocks and bonds, and the rest are used for common stock investment. Its risk and return are between growth funds and income fund.
In the three relatively volatile years of 2003, 2004 and 2005, the data of Tianxiang Information show that the average rate of return of balanced funds in A-share market is not lower than that of equity funds, and even higher than that of equity funds. In addition, several market adjustments in the A-share market show that the fluctuation of balanced funds is less than that of equity funds. Judging from the long-term overseas market performance, Morningstar statistics show that among all kinds of Asian mutual funds, the total return of balanced funds in the past 65,438+00 years has far exceeded other types of funds, including equity funds, which proves the stable investment ability of balanced funds in volatile markets. Therefore, for investors with low risk tolerance, balanced funds can be regarded as the key fund varieties in the volatile market.