Value Line Asset Allocation: Cut Risk By Shifting Assets

This fund uses the Value Line Investment Survey to pick stocks.

Editor's Note: This story has been updated since its original publication in the October issue of Kiplinger's Personal Finance magazine.

One way to cut risk is with a fund that shifts money from stocks to other assets when its managers think shares are too risky or they see better opportunities elsewhere. Value Line Asset Allocation (symbol VLAAX) has chalked up a solid record doing just that. The 18-year-old fund is a product of the company that publishes the venerable Value Line Investment Survey. The fund sticks mostly to stocks -- at last report, it had 70% of its $63 million in assets in stocks and the rest in high-quality bonds (the tilt toward stocks puts the fund in Morningstar’s aggressive-allocation group).

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Jennifer Schonberger
Staff Writer, Kiplinger's Personal Finance