As stocks climb toward record levels, nervous investors are hedging their bets
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U.S. stocks just enjoyed their best quarter in at least six years, but last year’s turbulence has left some skittish. Investors have poured a record amount of cash into so-called smart funds that try to protect against another downturn. They have also piled into exchange-traded products that offer insurance against market volatility and snapped up corporate debt in search of a sweet spot between profit and safety.
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