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Balanced mutual fund

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Balanced mutual fund
This is a fund that buys common stock, preferred stock, and bonds. The same as a balanced fund.


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The CCM equity team also is responsible for managing four equity mutual funds as well as the equity allocation within a balanced mutual fund.
Third Tier: This level includes relatively low-risk investments, such as balanced mutual funds (ones that invest in both stocks and bonds), and preferred stock (fixed-income securities much like bonds).
 
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