1 In comparison, the fund’s benchmark, the Standard & Poor’s 500 ® Composite Stock Price Index (“S&P 500 Index”), produced a total return of 27.16% for the same period. Thank you for your continued confidence and support.įor the period of November 1, 2012, through October 31, 2013, as provided by John Bailer and Elizabeth Slover, Portfolio Managersįor the 12-month period ended October 31, 2013, Dreyfus Growth and Income Fund produced a total return of 32.11%. For more information on how these observations may affect your investments, we encourage you to speak with your financial advisor. Globally, we anticipate stronger growth in many developed countries due to past and continuing monetary ease, while emerging markets seem poised for moderate economic expansion despite recently negative investor sentiment. Moreover, inflation is likely to remain muted, so monetary policy can remain stimulative. economic conditions to continue to improve in 2014, with accelerating growth supported by the fading drags of tighter federal fiscal policies and downsizing on the state and local levels. Stocks across most capitalization ranges and investment styles produced strong results. government shutdown in October failed to derail the market’s advance, enabling some broad measures of stock market performance to reach new record highs by the end of the month.
economic conditions drove stock prices substantially higher for the reporting period overall. For information about how the fund performed during the reporting period, as well as general market perspectives, we provide a Discussion of Fund Performance on the pages that follow.Īlthough expectations of higher long-term interest rates and a more moderately stimulative monetary policy sparked volatility in the U.S stock market at times during the reporting period, improved U.S. We are pleased to present this annual report for Dreyfus Growth and Income Fund, Inc., covering the 12-month period from November 1, 2012, through October 31, 2013.
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