CHICAGO -- There are now more than 400 mutual funds using alternative strategies, and about the same number of ETFs, Nadia Papagiannis, Morningstar's director of alternative fund research, told advisors at the Morningstar Investment Conference.
That's up from only 10 such alternative funds in 2008, she added; only 4% of advisors responded to a 2012 survey saying they did not use alternatives in constructing client portfolios.
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