Funds-of-funds have been gaining in popularity among investors who don't want to think about hard asset-allocation and rebalancing decisions, with assets in such funds topping $117 billion, up from $54 billion at the end of 2002, according to
"Not everyone has the time and resources to diversify on their own," explained Blair Johnson, a spokesman for Janus. Johnson also said that the new products give investors access to its portfolio managers as well as the mathematical models at its
The staff of Money Management Executive ("MME") has prepared these capsule summaries based on reports published by the news sources to which they are attributed. Those news sources are not associated with MME, and have not prepared, sponsored, endorsed, or approved these summaries.