The Lipper Index is a widely used gauge of mutual funds within different classes, such as value, growth, or balanced, published by a company called Lipper Analytical Services. Morningstar is a widely used index that publishes objective data and performance information on various types of securities. It is produced by a company called, oddly enough, Morningstar. Sort of the Arbitron ratings of mutual funds. 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.