Growth vs. Value

By law, every mutual fund must provide investors with a legal document, called a prospectus, which details the investment approach that the portfolio manager will take. The funds investment approach is called its style. This style can be conservative, aggressive, a mix of stocks and bonds or all international, to name a few. Two of the biggest style categories are growth investing and value investing. Value investors seek to buy stocks whose market price they feel is less that the value of th...