Capital Stable - A term usually
describing unitised investment vehicles which have
a high fixed interest and/or cash component. This
creates a relatively stable unit price compared with
balanced funds, which typically have a higher exposure
to equity markets. Capital stable funds should also
be distinguished from capital guaranteed funds, which
in fact offer a (usually retrospective) promised return
to the investor, and from capital protected, which
aim to produce a certain minimum return while allowing
a controlled participation in the expected higher
gains from growth assets.
