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Friday, September 06, 2013|
Amid Alt Fund Popularity, a SPDR Gets Day in the Sun
If you had a penny for every time a story was written on the connection between alternative fund popularity and interest rates rising, you might have enough money to invest in one!
The Wall Street Journal's Murray Coleman reports on the flurry of investors seeking alternative funds to diversify their portfolios. Mutual funds and ETFs that invest in alternatives took in $6.6 billion in net new cash so far this year, through July, up from inflows of $741 million in all of last year, Coleman writes.
State Street Bank & Trust [profile]SPDR SSgA Multi-Asset Real Return ETF provides exposure to inflation-indexed debt, real-estate securities, commodities, and stocks of natural-resource and commodities companies, Coleman reports. It has returned a negative 3.5 percent over the past 12 months through August, which is supposed to be run of the mill due to weak inflation signals, Coleman writes, but it does serve investors who don't want to go with specific alternatives and are looking for a fund that invests in multiple asset classes.
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