NEW YORK ( TheStreet) -- With weak employment data rattling the markets, it makes sense to add a steady mutual fund to your portfolio. Among the most reliable choices are balanced funds, which hold mixes of stocks and bonds. Top balanced portfolios limit losses in downturns and deliver decent results in bull markets.Many balanced funds hold static allocations, keeping 60% of assets in high-quality stocks and the rest in investment-grade bonds. However, some mutual funds hold a wider variety of securities and shift their allocations as conditions change. Skilled managers can boost returns by making the right calls.
Balanced Funds Can Smooth Stock Swings
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