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Payout funds offer various approaches.
American Airlines' funds offer one clear benefit.
Several broad-based funds offer lower-risk alternatives.
Private insurance funds offer an alternative mechanism of hospital financing.
Moreover, money funds offer some built-in protection.
Others grab the riches that banks and hedge funds offer.
Advocates of E.T.F.'s say the funds offer advantages.
Still, Barclays says exchange-traded bond funds offer trading versatility.
By contrast, the new Rydex funds offer unlimited trading.
Two other funds offer, respectively, reparation for loss of tenancy rights and of property.
Detroit's bankruptcy and the problems facing its pension funds offer two important lessons to other communities.
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