All things must pass, and the time has come for yet another mutual fund, according to a report from Morningstar.

The ASTON Dynamic Allocation [profile] will be shut down on January 30 because of its poor performance in 2012.

The fund, subadvised by Smart Portfolios, was launched early 2008.

This recent closure follows the shutting down of ASTON/Cardinal Mid Cap Value and ASTON/Neptune International in October.

The $22 million fund was given one star by Morningstar.

For more information, check out the original article here. 

Edited by: HFD


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