Hybrid Fund
What is it? A mutual fund that invests in a mix of stocks and bonds. These funds--often referred to as balanced funds-- are attractive to investors who want to allocate their assets in one investment vehicle. Many of these funds buy blue-chip stocks and high-quality bonds. Risks and returns typically are moderate, and expenses can be high. Investors can achieve similar results by buying separate stock and bond funds. Morningstar separates hybrid funds into domestic hybrid and international hybrid categories. Funds in the international category must have at least 40% of their portfolio in foreign stocks and bonds. Hybrid funds also are called balanced funds if they split holdings to about 60% stocks and 40% bonds.Added By: Olivia
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