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Every Managed Fund Has a Stated Investment Objective

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Every managed fund has a stated investment objective. Disclosure of the investment objective is required by the ASIC, and is used to classify a managed fund into one of several categories. Briefly explain the investment objective of each of the following categories.
(a) Growth funds.
(b) Aggressive growth funds.
(c) Equity- income funds.
(d) Balanced funds.


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