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Wednesday, June 12, 2013|
FINRA Warns Alternative Mutual Fund Investors
FINRA warned investors about alternative mutual funds, which have $176.2 billion in assets under management, Reuters reports. Investors looking for extra yields have sought out these unconventional strategies and asset mixes.
FINRA's newest alert "Alternative Funds Are Not Your Typical Mutual Funds" tells investors to examine the risk factors of certain investment strategies used by alternative fund managers, such as option and leverage.
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