Advisors seeking good yield and diversification after a bleak bond market outlook are turning to alternative funds,
Barrons writes. Advisors are increasing exposure to hedge fund-like mutual funds. Funds such as
Mainstay[profile] Marketfield and
Pimco[profile] Unconstrained Bond are appealing to advisors, whom, combined with institutions purchased a net $19.1 billion in alternative mutual funds:
"Advisors are just piling into these funds," says Nadia Papagiannis, Morningstar's alternative-funds research director, in the
Barron's article.
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Edited by:
Casey Quinlan
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