MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Thursday, July 10, 2008 New Fund-of ETFs Has 401k Hopes Hennion and Walsh has introduced a new product that attempts to solve the problem of how to get ETFs into 401(k) plans. Kevin Mahn, managing director of Hennion & Walsh told The MFWire that the way to do it is in a '40 Act fund wrapper. Hennion has introduced three new products that do just that. The new SmartGrowth ETF Lipper Indexes which include the: Optimal Conservative Index, Optimal Moderate Index and Optimal Growth Index will be funds-of-ETFS. A fourth income oriented fund-of-ETFs is also in the pipeline, Mahn said. Lipper, which Hennion has an exclusive agreement with, will be putting the indexes together, he said. The funds are currently available on 45 different platforms, including Fidelity, Pershing, LPL and Wachovia, Mahn said. Printed from: MFWire.com/story.asp?s=18704 Copyright 2008, InvestmentWires, Inc. All Rights Reserved |