As investors have grown more conservative, fund companies are rethinking their entire product lineups, Dow Jones reports.

The damage that 2008 did to individual portfolios—the S&P 500 is down more than 40% since its peak in October 2007—has wreaked total havoc on key industry averages, and that bad news is likely to resonate with investors for some time. Because of how the markets performed in 2008, the S&P 500’s performance over the past 10 years through April 30 is negative 2.5%.

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