growth fund

noun

1. a mutual fund that invests primarily in growth stocks.

Word History and Origins

Origin of growth fund¹

First recorded in 1965–70

Example Sentences

It would scrap the final two rounds—together worth €6.8 billion—of the National Growth Fund, a 5-year scheme launched in 2021 to boost innovation and economic growth by disbursing a total of €20 billion to consortia of research organizations and companies.

From Science Magazine

To combat that, the NHL and the NHL Players Assn., through their Industry Growth Fund, have spent more than $180 million during the last decade to bring hockey to underserved communities around North America while individual teams, including the Stars and Ducks, offer free equipment, ice time and hockey lessons in Spanish and English.

From Los Angeles Times

The company said its UK funds, including the Somerset Asia Income Fund and Somerset Emerging Market Dividend Growth Fund, along with its investment team, were looking to transfer to a new investment adviser.

From BBC

"The market is in a shoot-first, ask-questions-later mood when it comes to weight-loss drugs," said Nicholas Anderson, manager of the Thornburg International Growth Fund, which holds shares of Novo Nordisk.

From Reuters

Jessica Eritou, a spokesperson for the Finance Ministry, said the government and the Growth Fund are speaking with many commercial project proponents to understand the demand for carbon contracts for difference, and how "we can best facilitate these."

From Reuters