MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Monday, July 25, 2011 Alternative Mutual Funds Continue to See Inflows Alternative mutual funds continue to attract inflows even though many of these funds are underperforming the market, InvestmentNews reports. Citing Morningstar data, the pub notes that alternative fund flows hit $14.7 billion in 2010, up from $10.8 billion in 2009 and $3.4 billion in 2008. All told, these funds managed some $87.9 billon in total AUM as of the end of May, according to Lipper data. As for performance, the pub reports that market-neutral equity funds gained 0.4 percent and 130/30 funds gained 0.45 percent on average, while long/short funds lost 0.23 percent, compared with the average S&P 500 index fund, which gained 3.1 percent on an annualized basis for the three-year period ended June 30. Printed from: MFWire.com/story.asp?s=37399 Copyright 2011, InvestmentWires, Inc. All Rights Reserved |