Exchange traded funds (ETFs) continue to gain popularity and everyone is trying to get in on the growth. Hennion & Walsh is one such firm, as they launched three funds of ETFs – SmartGrowth Lipper Funds. These funds track Lipper’s Optimal Target Risk Indexes and are composed of ETFs. HedgeWeek reports that the focus is on target risk, and the funds are not constrained by asset allocation limitations. Each fund will have a unique risk/reward profile from conservative to moderate to growth. The trio includes:

  • SmartGrowth ETF Lipper Optimal Conservative Index Fund
  • SmartGrowth ETF Lipper Optimal Moderate Index Fund
  • SmartGrowth ETF Lipper Optimal Growth Index Fund

The opinions and forecasts expressed herein are solely those of Tom Lydon, and may not actually come to pass. Information on this site should not be used or construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any product.