an investment fund which invests at least 80% of its assets in UK equities and which has a primary objective of achieving capital growth. Some growth funds invest in a variety of companies whose share prices the fund managers believe are likely to grow strongly. Others exploit opportunities which may arise when companies have hit a difficult patch and their price has fallen but it is expected to recover.
[...] The oldest established green fund, called the Stewardship Fund and run by the Friends Provident investment house, comes a respectable twentieth out of 69 UK growth funds in existence for the last 10 years. An investment of £100 over that Period would have turned into £282. [...]