From BetterInvesting: Hybrid Funds - A Healthy Mix?
From Blog December 27, 2012 - 9:08am
They go by many names: hybrid funds, target-date funds, asset allocation funds, balanced funds and absolute return funds. Whatever you call them, hybrid funds have one common theme — they hold a mix of stocks and bonds. Coming in countless varieties, they can serve as stand-alone investments or be integrated into a larger portfolio.
A mutual fund is a professionally managed investment collective. Investors can purchase mutual fund shares from licensed brokers, who generally have invested in an array of stocks and sell the shares as a packaged product to clients. Traders can general