(Daily Alts) The 68 mutual funds and ETFs in the market neutral category averaged modest gains of 0.08% in February while flows to the category turned positive for the first time since September 2014. The Vanguard Market Neutral Fund (VMNIX) was February’s biggest recipient of inflows, at roughly $279 million; while the AQR Diversified Arbitrage Fund (ADAIX) suffered the month’s steepest outflows at $295 million. Neither of the funds, which posted respective February returns of 1.55% and 1.33%, ranked in the top or bottom three performers for the month, though.
Market Neutral Funds Post Modest Gains in February
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