Funds of ETFs Come in Threes

Hennion Walsh Asset Management has come out with a mutual fund of
exchange traded funds (ETFs). This presents a diversified, low-cost
alternative for investors and is set up as a target-date fund.

Thanks to the varying levels of risk each fund contains, the SmartGrowth mutual
funds can be an option for investors considering retirement, whether it’s a long way off or just around the corner.

There are three
risk/reward options ranging from conservative to growth portfolios. The
funds are:

• SmartGrowth ETF Lipper Optimal Conservative Fund (LPCAX)
• SmartGrowth ETF Lipper Optimal Moderate Index (LPMAX)
• SmartGrowth ETF Lipper Optimal Growth Index Fund (LPGAX)

Each tracks the Optimal Target Risk Index, launched in January 2007 by Lipper.