Balanced fund refers to a fund whose investment goal is not only to obtain the current income, but also to pursue the long-term appreciation of the fund assets, and to disperse the funds into stocks and bonds to ensure the safety and profitability of the funds. A mutual fund that invests in stocks and bonds in a diversified way. Usually, when fund managers are not optimistic about the market outlook, they will increase the proportion of bond investment with strong resilience; On the contrary, when fund managers are optimistic about the market outlook, they will increase the chances of capital gains and invest more in stocks.

Balanced funds can be roughly divided into two types: one is a balanced fund of stocks and bonds, that is, the fund manager will adjust the allocation ratio of stocks and bonds in time according to market changes. When the fund manager is optimistic about the stock market, he will increase the position of the stock, and when he thinks that the stock market may be adjusted, he will increase the allocation of bonds accordingly.

Another kind of balanced fund, while balancing stocks and debts, emphasizes dividends and pays more attention to the safety of bags, which is also one of the ways to avoid risks. Take Morgan's double interest balance fund as an example. According to the fund contract, when the realized income exceeds the bank's one-year fixed deposit interest rate 1.5 times (before tax), dividends must be paid. Investors who prefer dividends can consider such funds.