Here's another example of mutual funds flirting with the wild side.
The Wall Street Journal
reports that firms have launched 19 mutual funds that invest in a variety of hedge funds, or hedge-like strategies, according to data from Morningstar
In order to gauge the size of this boom, WSJ's
Liz Moyer also included this interesting tidbit related to flows: data from Strategic Insight
shows that through August 31, AUM at these products, dubbed multi-alternative funds, have jumped to $22 billion, compared to $4.7 billion five years ago.
Funds examined in the article include the IQ Alpha Hedge Strategy Fund
, Vanguard Total Bond Market
, Blackstone Alternative Multi-Manager Fund
, and the Arden Alternative Strategies Fund
. The SPDR S&P 500
was also noted as a comparison.
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