When a mutual fund manager buys primarily undervalued stocks for the fund's portfolio with the expectation that these stocks will increase in price, that fund is described as a value fund.
A value fund may be limited to stocks of a certain size, such as those included in a small-cap value fund, or it may include undervalued stocks with different levels of capitalization.
Yahoo Finance - Cite This Source - This Definition
- Aggressive-growth fund, Contrarian, equity fund, Growth and income fund, income fund, Proprietary fund, Vulture fund
All > Business > Finance > Personal Finance