Question: For each pair of funds listed below, select the one that is likely to be less risky. Briefly explain your answer.
a. Growth versus growth-and-income funds
b. Equity-income versus high-grade corporate bond funds
c. Balanced versus sector funds
d. Global versus value funds
e. Intermediate-term bonds versus high-yield municipal bond funds
f. Target date fund with a target date of 2020 vs. one with a target date of 2040.