You may find you need income, but you still want some growth so your income can continue to increase over the years. If you don't need the income for a while, you may opt for a growth fund. A fund producing income is generally less risky than one producing growth, but will usually provide a lower return on your investment. Equities offer no guarantees, but your money can grow over time. For example, the stock market fluctuates from day to day, but stocks have outperformed all other investments over the long term.
Balanced funds Invest in both income and growth investments.
Funds can also be categorized as Canadian or international. Call Client Services at 1.800.874.6275 .