WHAT ARE FOLIOS?
Baskets of up to 50 stocks that investors can buy and customize.
WHERE ARE THEY SOLD?
Foliofn first sold them directly to do-it-yourself investors. Now, they're sold through investment advisers, money managers, and mutual-fund companies.
WHAT'S THE ADVANTAGE OVER A MUTUAL FUND?
A folio is a basket of stocks that fund managers can create readily. Investors own the individual stocks directly, so they can manage the holdings to minimize taxes.