THE sales pitches go something like this: A mutual fund that promises to zig when the rest of the stock market zags. Bond funds that protect investors when interest rates rise. Access to the most sophisticated hedge fund managers in the country, even if you're not particularly wealthy. Many investors and their financial advisers have been lured into these alternative mutual funds, which use an array of complex investment strategies meant to protect clients against steep market declines, for instance, or hedge against interest rate movements. Billions of dollars have poured into these funds during the economic uncertainty of recent years, and total assets, which stand at US$234 billion, are up...
Hello, your email is unverified. Please confirm for access to all your SPH accounts.
RESEND VERIFICATION EMAIL
Keyword added to your list