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Thursday, June 12, 2003

Vanguard Stocks Supermarket Shelves

by: Sean Hanna, Editor in Chief

Vanguard is opening its arms to welcome another 10 fund families to its 20-year-old FundAccess supermarket. The new complexes will add 500 more funds to the supermarket's shelves. All told, Vanguard Brokerage will offer more than 3,000 funds from 300 complexes when the additions are made.

The new names on the shelves include offerings from a number of traditionally broker-sold fund complexes, including AIM, American Funds, Franklin/Templeton, MFS, and PIMCO.

The Valley Forge-based Vanguard will let accountholders owning shares in the newly added funds move their shares to Vanguard at no cost, said Brian W. Henderson, principal, Vanguard Brokerage. "FundAccess accommodates those clients who enjoy the level of service they receive from Vanguard and desire to consolidate all of their fund holdings with us." 

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