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. 

Edited by: Tommy Fernandez


Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE