The problem with asset allocation funds
is that there is too much variety.
Expense charges are comparable to other asset allocation funds
In other words, some asset allocation funds
employ strategic asset allocation to broadly diversify with relatively fixed-mix asset proportions invested in traditional as well as nontraditional asset classes.
Another fund that has been finding an audience in retirement plans is the John Hancock Alternative Asset Allocation Fund
, a fund of funds that invests in alternative asset classes, including, but not limited to, currencies, global real estate, commodities, natural resources, and emerging-market debt.
On the following pages, PLANSPONSOR's fourth annual Asset Allocation Funds
Buyer's Guide will give you what we hope is a meaningful starting point for your continued evaluation of these offerings.
GMO manages the master funds in which the Wells Fargo Advantage Asset Allocation Fund
and the Wells Fargo Advantage Absolute Return Fund invest.
But the smaller-profile Cambria Investment Management, which runs five ETFs under the stewardship of investment maverick Mebane Faber, has beat the big boys to the punch: His new asset allocation fund
sports the low, low price of 0.
The John Hancock Global Absolute Return Strategies Fund is offered as a stand-alone member of the John Hancock family of retail mutual funds, and is also a component of the John Hancock Alternative Asset Allocation Fund
(JAAAX), as well as several of the John Hancock Lifestyle Funds.
CHICAGO -- Northern Trust announced today that it has opened its Northern Global Tactical Asset Allocation Fund
(BBALX) to individual investors.
The new mutual fund is the firm's most broadly diversified asset allocation fund
The funds will invest solely in their three broad market component funds (Vanguard Total Stock Market Index Fund, Vanguard Total International Stock Index Fund, and Vanguard Total Bond Market II Index Fund) and gradually eliminate exposure to their actively managed component funds (Vanguard Asset Allocation Fund
and Vanguard Short-Term Investment-Grade Fund).
Specifically, the agency assigned a "5" ranking to Pak Oman Islamic Asset Allocation Fund
and a "3" ranking to Pak Oman Advantage Asset Allocation Fund