FYI: The mutual fund industry hasn’t led investment innovation, but it hasn’t boycotted modernity, either. Standard futures and options contracts, once rare among mutual funds, have become commonplace. In recent years, they increasingly have been joined by custom contracts--exotica such as total-return and credit-default swaps.
Regards,
Ted
http://www.morningstar.com/articles/859068/making-sense-of-messy-funds.html
