Baltimore Sun- Mutual fund companies come up with "new ideas" all the time, but most don’t gain any traction.
So when Fidelity Investments joined the latest trend this month and opened a "130/30 fund," it signaled that the newest fad in funds had gone big-time.
The question is whether this new flavor of funds has any role in the average investor’s portfolio, because the new genre of funds comes with hype about how an option resembling a hedge fund can provide added diversification and protection against a down market.
