Diversified growth funds (DGFs) have been around for more than a decade. They cut their teeth in the low inflation, low return markets early in the century, but really found their feet after the financial crisis in 2008. At their most basic, they are growth funds that offer a greater degree of diversification – the clue is in the title – against the typical, largely equity, funds of the day. As a result, they should reduce volatility and yet deliver adequate returns.

Source: DIVERSIFIED GROWTH FUNDS Immune system | Pensions World