Focused Fund

A focused fund is a type of mutual fund that is smaller in scope and less diversified than some of its mutual fund brethren. Like a focus on tech companies, or emerging national markets, or currencies, or companies with fat dividends...

For the most part, focused funds tend to only hold stock in about 30 companies or fewer. Compare this to your standard mutual fund, which can have company positions in the hundreds. They also tend to only focus on a few market sectors instead of a wide range.

The result is that focused funds tend to be more volatile, since they aren’t diversified enough to absorb fluctuations in one or two market sectors. But the upshot runs that, since the fund is so, you know, focused, a lot more time and attention is put into making sure each investment is as solid and potentially profitable as can be.

Or at least that's the marketing pitch from the people who manage and sell it.