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January 12, 2015

Another good year for preferred funds?

  • Preferred-stock funds invest in securities that are a hybrid of stocks and bonds, and last year they delivered more income than many bond funds and bigger total returns than many stock funds.
    • By STAN CHOE
    AP Business Writer

    NEW YORK — Sometimes the middle road is the most exciting one.

    Both stock and bond mutual funds did well last year, but some of the best returns came from funds that sit somewhere in between the two markets. Preferred-stock funds invest in securities that are a hybrid of stocks and bonds, and last year they delivered more income than many bond funds and bigger total returns than many stock funds.


     
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