The American Association of Individual Investment has a mission of educating investors who handle their own mutual fund transactions by offering "educational" advice about funds.

In an effort to move forward on that front, the company introduced the Individual Investor's Fund Portfolio, in "a direct response to requests for more specific guidance for individuals who are handling their own investments.

AAII President John Markese said the portfolio would "emphasize consistency, risk control, and the selection of funds that follow approaches that an individual investor, rather than an institution, should follow."

A list of 10 funds, including the Ariel Fund, Meridian Growth Fund and T Rowe Price Capital Appreciation Fund, met a list of nine criterion, including existence for more than 10 years, a history of never going down two years in a row, and more obvious things, like openness to individuals.

Said AAII Chairman James B. Cloonan, who has bought into the funds himself, "In my opinion, a portfolio of these funds will outperform the market over the intermediate term and the long term with lower risk."

Not-for-profit AAII has over 150,000 members and 25 years of educating investors.

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