New York-based Lord, Abbett & Co. recently launched a fund that invests in three of its existing small-cap mutual funds.

Many so-called funds of funds invest with different investment firms, and most buy shares of mutual funds with different strategies. The Lord Abbett Alpha Series Fund differs in that it focuses on a small-cap strategy.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.