Mutual funds that strive for absolute returns in all kinds of markets rather than beating a particular benchmark are gaining in popularity, according to The Wall Street Journal.

For investors, the newfangled funds offer guaranteed performance with different strategies that protect investors from market swoons better than traditional mutual funds. They also offer lower fees than pure hedge funds, as well as greater transparency and liquidity, which further guarantee money-making opportunities. They offer a higher level of oversight, charge lower fees, and face more scrutiny from watchdogs than most hedge funds. Investors can also withdraw and add money on a daily basis.

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