Stock funds that seek long-term growth without undue risk. The funds generally buy common stocks of companies that advisors believe have long-term growth potential.
GROWTH FUNDS are MUTUAL FUNDS that are composed of STOCKS of companies that are still experiencing growth; the objective is to generate an increase in investment value, with less concern about the provision of steady income.
Invest in equity securities of companies expected to increase in value more rapidly than the overall market. Degree of investment risk: high.