Hennion & Walsh Asset Management is considering liquidating its range of funds-of-ETFs, MutualFundWire reports. The three SmartGrowth Mutual Funds have $13.2 million in assets under management.

The SmartGrowth Lipper Optimal Conservative Index Fund, the SmartGrowth Lipper Optimal Moderate Index Fund and the SmartGrowth Lipper Optimal Growth Index Fund will be liquidated on March 31, 2011. The funds, which track Lipper’s Optimal Target Risk Indices, were floated in June 2007.

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