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Finance Dictionary and Glossary of Investment Terms
A mutual fund which emphasizes current income in the form ofdividends or coupon payments from bonds and/or preferred stocks, rather than emphasizing growth. Income funds are considered to be conservative investments, since they avoid volatile growth stocks. Income funds are popular with retirees and other investors who are looking for a steady cash flow without assuming too much risk.
A mutual fund that seeks to provide stable current income by investing in securities that pay interest or dividends.
A mutual fund that seeks to provid to liberal current income from investments.