Other types of mutual funds. There are several types of mutual funds other than the money market funds and common stock funds.
There are a large number of bond funds, investing in various assortments of corporate and government bonds There are tax-exempt bond funds, both long-term and shorter-term, for the high-bracket investor There are balanced funds which maintain portfolios including both stocks and bonds, with the objective of reducing risk And there are specialized funds which invest in options, foreign securities, etc. 8.5