A. If you want stock-like returns but with below average risks, you could consider convertible bond funds.
Convertible bonds allow investors to convert the bonds into shares of stock, usually at a preset price. They act a bit like stocks and a bit like bonds. A convertible bond holder could participate in stock market gains but also get more income than common stocks (although less yields than bonds).
Convertible bond portfolios are designed to offer some of the capital-appreciation potential of stock portfolios while also supplying some of the safety and yield of bond portfolios. To do so, they focus on convertible bonds and convertible preferred stocks.
Bloomberg has a list of worldwide Convertible funds.
Valueline has a list of top performing Convertible funds.