January 10, 2008 at 6:00 am by Tom Lydon
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.
Tags | Corn
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