Hennion and Walsh, a small New Jersey fund firm, is introducing ETFs into 401k plans by wrapping them in mutual funds.

Chief Investment Officer Kevin Mahn said the SmarthGrowth ETF Lipper Optimal Conservative Index, SmarthGrowth ETF Lipper Optimal Moderate Index and SmarthGrowth ETF Lipper Optimal Growth Index have made their way onto proposals by companies like Fidelity Investments.

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