What is an "aggressive growth fund"?
An aggressive growth mutual fund is an old description of a type of mutual fund. It comes from a group of descriptions - things like aggressive growth, growth, growth in income, equity income. 'Aggressive growth' was an attempt to describe mutual funds but not necessarily in an academic or a technical sense. Today, we are actually going to describe mutual funds differently. They are going to be based on the academic research of the factors that really matter when creating mutual funds. Those factors are really large cap and small cap, and growth versus value in that definition. We see a lot less of the aggressive growth, growth of income and equity income today. Those are really not as descriptive and don't really don't tell us much about the mutual fund and how it is going to react over time.