go-go fund(redirected from Go Go Funds)
A type of mutual fund invested in highly aggressive growth stocks. The fund has high levels of risk and potential return.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.
Informal; a mutual fund that invests predominantly or exclusively in high growth companies. Because many of these companies will eventually go bankrupt, a go-go fund carries high risk. However, it has the possibility of a high return if some of the companies establish themselves and become highly profitable.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
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.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.