High current income mutual fund

Definition:

A mutual fund whose primary goal is to produce a high level of income by making higher-risk investments in instruments such as junk bonds.

Investing Essentials


Copyright © 2011 Campbell R. Harvey, Professor of Finance, Fuqua School of Business at Duke University

Term of the Day

Reopen an issue

The Treasury, when it wants to sell additional securities, will occasionally sell more of an existing issue (reopen it) rather than offer a new issue.

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