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Individuals Rushing to Bear-Market Funds From JPMorgan to Pimco

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"JPMorgan Chase & Co. and Pacific Investment Management Co. are inundated with money from individuals attempting to mimic the performance of hedge funds speculating that the stock-market rally is over," according to Bloomberg. "So-called bear-market and long-short mutual funds, designed to protect against falling stock prices, attracted a record $10 billion this year through October, more than double the previous high in 2006, according to Morningstar Inc."
SOURCE:   Bloomberg

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