I noticed all recommended portfolios, aggressive to conservative, islamic or non islamic, there are no Balance or Money Market funds featured in any of the portfolios.
Why is that? Are they no good?
I'm asking because I was looking at RHB Smart Balanced Fund, seems good to me.
There is no hard and fast rule on how a portfolio is to be constructed.
Fund Selection Considerations
The funds featured in the portfolios are mainly taken from our FSM Recommended Funds. Features of funds that differ from the Recommended Funds may have lower initial and subsequent investment amount as well as a different style which may be more beneficial for investors in current market conditions.
The portfolios are reviewed on a monthly basis for performance tracking and rebalanced on a quarterly basis or as and when there is material deviation. The periodic rebalancing is a guideline which investors can again moderate to their preference. In previous magazine, we have busted the myth that frequent rebalancing is good for investors.
if you at looking for recommended "Balanced Funds"...it is attached...