But in recent years, some balanced funds have become much more aggressive than the traditional model.
"At that point, we would be more of a balanced fund."
But, so far, they have performed a bit worse than balanced funds.
Why is a balanced fund like Green Century up over 30 percent?
Over all, most investors are better off staying with the balanced funds, experts say.
Another migration toward higher risk is occurring today, this time in some balanced funds.
That 60-40 percent split is basically what you will find in most balanced mutual funds.
The balanced funds he manages have the maximum cash position allowed.
Balanced funds combine stocks and bonds, often in a 50-50 mix.
The average equity fund, excluding balanced funds, declined by 3.0 percent for the week.