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Tuesday, June 25, 2013

Advisors Are "Piling On" Alternative Funds

News summary by MFWire's editors

Advisors seeking good yield and diversification after a bleak bond market outlook are turning to alternative funds, Barrons writes. Advisors are increasing exposure to hedge fund-like mutual funds. Funds such as Mainstay[profile] Marketfield and Pimco[profile] Unconstrained Bond are appealing to advisors, whom, combined with institutions purchased a net $19.1 billion in alternative mutual funds:

"Advisors are just piling into these funds," says Nadia Papagiannis, Morningstar's alternative-funds research director, in the Barron's article.

To read the full story, click here

Edited by: Casey Quinlan

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