|
A growth and income fund is
a type of mutual fund that invests primarily in large-cap stocks (the common stocks of
established U.S. companies with a history of steadily growing earnings and reliable
dividends). These funds may also hold corporate or government bonds, convertible bonds,
and/or corporate preferred stock.
Growth and income funds tend to be well diversified, and are good for relatively
conservative investors who want long-term growth.
You should remember that, as a rule, it is never a good idea to invest in any fund until
you read its prospectus and understand the risks involved.
|
|
