The main asset classes can be separated into two groups - defensive and growth investments. Cash and fixed interest are seen as defensive. Property and shares are usually classified as growth investments.
Most investments fit into one of four main categories or asset classes:
Cash includes money in bank accounts, as well as investments in bank bills and similar securities and some short term (up to 12 months) term deposits. Cash investments provide stable, lowrisk income in the form of regular interest payments.
Time horizon: short term