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Funds eye spinoffs of alternative energy companies

Yieldcos are popping up in the portfolios of some of the most widely-held mutual funds in the US

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The hunt for dividend yield is pushing US fund managers into an unproven new offshoot of the alternative energy industry. - PHOTO: REUTERS

New York

THE hunt for dividend yield is pushing US fund managers into an unproven new offshoot of the alternative energy industry.

Yield companies - commonly called "yieldcos" - are spinoffs of alternative energy companies that own assets such as wind or solar farms and pay

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