Large-Cap Growth Fund
What is it? A mutual fund that invests in large companies with good growth prospects. According to Morningstar, large-cap funds invest in companies with market capitalizations of more than $11 billion. Other organizations may use different definitions. Large-cap funds typically are less volatile than mid-cap and small-cap funds because large companies are more established and more predictably successful than smaller companies. Large companies also are more likely to pay dividends. Growth funds often have high P/E ratios because managers are willing to pay a premium for stocks of fast-growing companies.Added By: Allison
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