Denver-based mutual fund firm Janus Capital Group this week unveiled a fund of funds with exposure to traditional and alternative assets.

The Janus Adviser Modular Portfolio Construction Fund will primarily invest in Janus mutual funds, as well as exchange-traded funds, exchange traded notes and derivatives. It will allocate its assets to fixed-income, equities, commodities, hedge strategies and real estate investments.

The new fund could be a compelling option for clients looking for an institutional investment approach and exposure to a wide range of asset classes, according to Dominic Martellaro, executive vice president and managing director of Janus Global Advisors.

“Many of our clients are looking for unique products that may help them diversify their portfolios,” said Martellaro. “We believe this fund could help simplify that search by providing a single investment solution to help meet their needs.”