Is a speciality fund type of stock fund or mutual fund?

Answer:
A specialty fund is basically a fund that specializes in a certain investing approach or asset class. For example within stock funds you can have small cap funds (funds that focus on investing in smaller companies), value based investors (funds which focus on valuations in their investment decisions), or small-cap value fund (combination of those two), and so-on. An example of an asset class specialty would be a commodities fund.

For a range of different fund types see: http://www.fundterms.com/search/label/Term%20Group%20-%20Fund%20Types
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