Home > Term: Dual-purpose income funds
Dual-purpose income funds
Seeks long-term capital appreciation and preservation of capital, and current income and long-term growth of income, primarily by investing in dividend-paying common stocks and interest-bearing securities. Income shares have priority on redemption.
- Part of Speech: noun
- Industry/Domain: Financial services
- Category: Funds
- Company: Merrill Lynch
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- Harry8L
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(London, United Kingdom)