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go-go fund

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Go-go fund
A type of mutual fund in highly aggressive growth stocks. The fund has high levels of risk and potential return.
go-go fund
An investment company that concentrates on short-term investment performance through frequent trading of highly speculative securities. Such funds were very popular during the late 1960s but lost favor following the market decline of the early 1970s that produced large price drops in the types of stock held by the go-go funds.
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