Micro Cap Fund

See: Micro Cap. A Micro Cap fund is just a collection of these things.

Micro Cap funds tend to pay small if any dividends. They're expected to grow fast, so many of the companies in those funds trade at high P/E ratios. And yes, many of 'em are tech stocks with whatever is the hot new wiz-bang thing.

With these core elements, Micro Caps then tend to be volatile...but over time, small companies tend to grow a lot faster than big ones. So if you're in for the long haul, this is a category you want to explore.