SIF Rollout Faces Hurdles Due to Tough Distributor Exam

Mutual funds are launching new investment products called SIFs.

These are for people who want to take on more risk with their investments.

To sell these, financial advisors need to pass a tough exam.

Only a small number of advisors have passed this exam so far.

The exam is hard because it involves complicated math and technical concepts.

Because fewer advisors can sell SIFs, it might slow down how quickly people can start investing in them.