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Equity funds invest primarily in stock. The stock a fund buys - whether in small, up-and-coming companies or large, well-established firms - depends on the fund's investment objectives and management style.
The general approach may be implied by the fund's name or the category in which it places itself, such as large-cap growth or small-cap value. However, a fund's manager may have the flexibility to invest more broadly to meet the fund's objectives.Yahoo Finance - Cite This Source - This Definition
- Browse Related Terms: Contrarian, equity fund, Global fund, Growth and income fund, income fund, International fund, Investment objective, Portfolio turnover, Prospectus, Real estate investment trust (REIT), Tax-efficient funds, Transparency, Turnover ratio, Value fund, Vulture fund, World fund
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