A mutual fund that invests in companies expecting higher-than-average revenue and earnings growth is called a(n)________ fund.

Question

Quizplus · Accepted Answer

Growth funds focus on companies that exhibit signs of above-average growth through rising revenue and earnings, unlike income or balanced funds which might focus on dividend income or a mix of stocks and bonds, respectively. Industry or sector funds focus on specific sectors, and money market funds invest in short-term debt securities.

A Mutual Fund That Invests in Companies Expecting Higher-Than-Average Revenue