MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Thursday, November 8, 2001 Large Firms Build Web Leads Who would have guessed it? Like in everything else the rich are getting richer. The Web sites of Fidelity and Vanguard were two of the highest scoring in this year's Kasina rankings of fund firm Web sites. The pair joins American Century, Schwab, Scudder, Stein Roe, Strong, and T. Rowe Price as the only firms to rank among the top sites in each of the studies five years. "In general, the Top 20 sites and the Top 10 small fund sites are doing a much better job servicing clients than the overall industry," explained Steven Miyao, chief executive officer of Kasina. "While this gap continues to be large, we are seeing the margin decreasing as the industry strives to follow the lead of the top sites. One area where we continue to see slow growth overall is the adoption of innovative and value-added Web technologies." Still, there continue to be some surprises found in the study of 478 sites. Only 53 percent of retail sites let investors view their account balances online, seemingly the most basic and most requested of services at this point of time. Only two-thirds 66 percent of firms encourage direct investments through their site and only five percent of retail sites allow investors to open an account completely online. Kasina did not break down how those figures fell based on whether firms distribute share directly or through intermediaries. Top 3 Sites in Each of Kasina's 5 Evaluation Categories Branding: 1. The Montgomery Funds - 2. The Vanguard Group - 3. Zurich Scudder Investments - Content: 1. Fidelity Investments - 2. The Vanguard Group - 3. T. Rowe Price - Online Services: 1. Fidelity Investments - 2. The Vanguard Group - 3. INVESCO Funds Group - Usability: 1. INVESCO Funds Group - 2. Strong Investments - 3. The Vanguard Group - Web Technology: 1. Fidelity Investments - 2. American Century Investments - 3. INVESCO Funds Group - Top 20 Web Sites - Mutual Funds (alphabetically): AIM Management Group - aimfunds.com American Century Investments - americancentury.com Berger Funds - bergerfunds.com Calvert Group - calvert.com Charles Schwab & Co. - schwab.com E*TRADE Group - etrade.com Fidelity Investments - fidelity.com INVESCO Funds Group - invescofunds.com The Montgomery Funds - montgomeryfunds.com One Group Mutual Funds - onegroup.com Salomon Smith Barney - salomonsmithbarney.com Stein Roe & Farnham - steinroe.com Strong Investments - strong.com TIAA-CREF - tiaa-cref.org T. Rowe Price - troweprice.com The Vanguard Group - vanguard.com TD Waterhouse Group - waterhouse.com Wells Fargo - wellsfargo.com Westcore Funds - westcore.com Zurich Scudder Investments - scudder.com Top 10 Web Sites - Smal Fund Firms (alphabetically): Berger Funds - bergerfunds.com Calvert Group - calvert.com Gabelli Asset Management - gabelli.com The Montgomery Funds - montgomeryfunds.com Pax World Funds - paxfund.com RS Investments - rsinvestments.com SAFECO Mutual Funds - safecofunds.com Sentinel Funds - sentinelfunds.com Stein Roe & Farnham - steinroe.com Westcore Funds - westcore.com Printed from: MFWire.com/story.asp?s=1176 Copyright 2001, InvestmentWires, Inc. All Rights Reserved |