Capital growth fund Refers to a fund that is designed to produce returns through capital appreciation of companies in which it invests. Income is secondary. Capital appreciation is less important. Blue chip Refers to a handful of the largest and strongest corporations in America, which, as the theory goes, are also the safest investments in uncertain times. Equity fund Refers to a fund invested mainly in stocks.
Balanced fund Suggests that the fund has a mix of stocks and bonds.
Convertible bonds Bonds or debentures issued by a company that can be converted to stock in that company at a certain price. International or global equity fund Refers to a fund that invests in stocks in foreign companies, but you would want to know more than that. There's a big difference between a mutual fund investing in British Petroleum and one holding stock in a hemp factory in Somalia. Technically, it suggests that a low price is the most important consideration in stock purchases, but the term is used and abused by lots of funds that are not involved in value stocks. The company in question may be temporarily out of favor for some reason, but still has healthy prospects not fully represented by its stock price.