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This is financial adviser Patrick Munro talking about, what is a balanced mutual fund. A balanced
mutual fund is just like the word implies. It allows an individual to place dollars with
a mutual fund company, and the mutual fund company will sometimes have two different
strategies that they're offering, and therefore, the dollars are sent in two different directions
to balance their portfolio. Sometimes individuals will be looking for growth on once side, and
they might be looking for sector appreciation on another side. It's a very complex situation,
whereby the fund manager really drives the whole situation. And you have to be mindful
as an investor to pick the right mutual fund, who can keep your program in balance if that's
what you seek. This is Patrick Munro, discussing, what are balanced mutual funds.