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Balancing Act

Funds that combine the best of both worlds

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This story appears in the July 2002 issue of Entrepreneur. Subscribe »

There's something sweet about balanced funds. For one thing, they make picking easy: When you can't decide whether a stock or a bond fund is better for you, they fit the bill perfectly by offering both wrapped up in one convenient package.

The Oakmark Equity & Income fund (OAKBX), around since 1995, is a value fund managed by Clyde McGregor since its inception. According to Lipper Inc., this balance fund is among the top performing funds over the past one-year and five-year periods. So far, it has a No. 1 Lipper leader rating in both consistent return and preservation of capital categories.

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