Charles Schwab reached a milestone recently when the assets in its
OneSource marketplace passed the $100 billion mark.
The assets in the no-load, no transaction fee program have doubled since 1997, and increased nearly 47% in 1999. OneSource is the nation's largest fund marketplace, according to Schwab.
OneSource launched in 1992, and now offers 1,700 funds from more than 200 fund families.
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Schwab Adds Four Kinetics Funds
As if $100 billion wasn't enough, Schwab is adding four no-load funds, launched December 31, 1999, from
Kinetics Asset Management.
In a signal that the Internet market is maturing, Kinetics has divided the sector into four funds:
Internet Infrastructure, Internet Emerging Growth, Internet Global Growth and the
New Paradigm fund. Each will be available from OneSource.
 
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