Growth Fund
Categories: Investing, Managed Funds
A Growth Fund is just a bunch of growth stocks... or at least what the manager who put the fund together perceived as being growth stocks.
Of course, when you invest, you want your fund to grow and not shrink. But some funds balance the possibility for growth with stability. That is, they may gather up some bonds as well as stocks so that the drops in value won't be too scary. Growth funds are "full steam ahead" in choosing companies that are all about expanding.
Of course, if they tank instead, your fund's going to be up Shmoop's creek without a paddle.