Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Netstock's Mutual Funds Direct Program Gathering Momentum Not Rated 3.0 Email Routing List Email & Route  Print Print
Friday, February 18, 2000

Netstock's Mutual Funds Direct Program Gathering Momentum

Reported by Jason Shank

Netstock Direct's Mutual Funds Direct Center is nearing its first anniversary, after launching in early 1999 with three funds families offering products through the Web site -- Stein Roe, INVESCO, and SAFECO. Although company execs will not disclose specifics of the assets gathered for fund companies through its service, the offerings now include over 200 funds from 45 fund families, with several more on the way.

Related Links
NetStock Direct's Mutual Funds Direct Center
On InvestmentWires
  GE Waives Loads on Net
Feb 14 2000
The funds are essentially sold directly, connecting shareholders with the fund companies themselves, offering another distribution channel for the industry's no-load funds, which continue to have difficulties making their voices heard in ever-more-crowded universe of funds.

"Mutual fund families have been very happy with it so far," said Marne Anderson, director of strategic partnerships for Bellevue, Washington-based Netstock Direct. "They're able to get their funds seen by large numbers of Netstock direct members -- it's a win-win situation. Especially because our investors tend to be buy-and-hold investors."

Anderson says that the typical Netstock user for its first four years of operation, one who has signed up to invest via the firm's direct investing programs, has been shown to be an "accumulator," who she said is more likely than the average investor to stay put as markets fluctuate.

The site focuses on the ease of use for mutual fund investors via one short application for potential shareholders, after filling out the overall Netstock registration. Registration with the service is free and all funds are offered on a no-transaction-fee basis. Netstock is then compensated by the fund companies via a 25 basis point 12b-1 fee.

Anderson is still marketing mainly via one-to-one presentations directly to the fund firms, but with no set-up and no maintenance costs, she says the firms are now coming to her.

The most recent addition to the program are 22 funds from GE Capital, a fund company that has traditionally sold its funds with loads, but recently announced that it would be selling funds load-waived via the Web (MFWire 2/14). 

Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

3.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2025: Q3Q2Q1
2024: Q4Q3Q2Q1
2023: Q4Q3Q2Q1
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly


  1. MFDF Director Discussion Series - Open Forum, July 9
  2. ICI webinar - The Digital Future of Asset Management: Current State and Regulatory Landscape, July 10
  3. MFDF webinar - Mid-Year Tax Update for Registered Investment Companies, July 10
  4. MFDF Director Discussion Series - Open Forum (Philadelphia), July 15
  5. 2025 MMI Women in Advisory Solutions Forum, Jul 15-16
  6. Nicsa webinar - How Trusted GenAI is Transforming Data Access in Asset Management, July 16
  7. MFDF webinar - M&A and Consolidation in Asset Management, July 16
  8. MFDF webinar - ETF Conversions, July 17
  9. MFDF Director Discussion Series - Open Forum (New York), July 22
  10. MFDF Ask Anything webinar - AI Edition, July 24
  11. MFDF webinar - Use of Derivatives by RICs, July 29
  12. MFDF Director Discussion Series - Open Forum (Columbus, Ohio), August 20
  13. Samfund Soiree Boston 2025, August 21
  14. MFDF webinar - The Audit Committee Chair's Guide to Balancing Duties and Emerging Issues, September 3
  15. ICI ETF Conference, Sep 8-10
  16. Nicsa webinar - Reimagining Reconciliation: AI, Regulation, and Capital Markets Transformation, September 10
  17. MFDF webinar - Series Trust Funds - Compliance and Board Reporting, September 10
  18. MFDF In Focus - Board Oversight of DEI in Current Landscape, September 11
  19. MFDF webinar - MFDF 15(c) White Paper Webinar Series: Part 4 – Enforcement Action Takeaways, September 16
  20. MFDF webinar - Latest in Closed-End Funds Litigations, September 23
  21. MFDF webinar - Fixed Income Insights: Navigating Market Trends & Opportunities, September 24
  22. MFDF webinar - Risk Management Essentials for RICs and Boards, September 29
  23. MFDF webinar - Diligent - Tools for Fund Board Book, October 1
  24. 10th annual Fuse Forum, October 8
  25. MFDF webinar - Essential Strategies in Board Oversight of Operational Risk Management, October 14
  26. 2025 MMI Annual Conference, Oct 15-17




©All rights reserved to InvestmentWires, Inc. 1997-2025
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use