Merrill Lynch's diversified portfolios line of products has topped $10 billion in assets. The company is also adding four outside managers to the mutual fund version of the product, creating Funds Diversified Portfolios (FDP) - Multi-Firm.

The mutual fund version, launched in May 2004, is intended to bring the institutional portfolio management and rebalancing of diversified portfolios to less well-heeled investors, with an investment minimum of $15,000.

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