In addition, two new attributes were added in an effort to help track fund characteristics.
According to the
Due to this growth in popularity of lifestyle and lifecycle funds and the fact that many companies are now offering them, Lipper created seven new mixed-asset target allocation fund categories.
Also, Lipper added hedge and quantitative attributes. Hedge attributes track funds that have exposure to market risk and quantitative attributes identifies funds that rely on computer models to manage portfolios.
Also this month,