Loose lips can lead to good stock tips, apparently.
The Washington Post has taken note
of a trend in which mutual fund and other investment executives are having conversations with high-level officials within the Obama Administration, and are then using what they learned from those conversations to guide their investment strategies.
For example, the newspaper notes conversations that took place between mutual fund executives and a top White House adviser helping to implement the Affordable Care Act, as well as an official in the agency that oversees Medicare and Medicaid spoke in December.
Funds noted within the story include T. Rowe Price
, Highland Capital
, and Capital Group
To read more in-depth reporting on the trend, turn to The Washington Post
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