MutualFundWire.com: Supermarket Shopping; This Week's Blue-Light Specials
MutualFundWire.com
   The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
Friday, September 17, 1999

Supermarket Shopping; This Week's Blue-Light Specials


American Century, which distributes its no-load funds via all of the other major platforms and several of the minor ones has finally joined the NTF family at Fidelity's FundsNetwork, offering 45 of its funds through the
Related Links
  • American Century
  • The Internet Fund
  • Northern Funds
  • Fidelity FundsNetwork
  • Schwab's OneSource
    • supermarket. American Century's execs have resisted joining the program because of a perception that the Boston Behemoth was placing greater emphasis on selling its own funds.

    However, now Brian Jeter, senior vice president of the Kansas City fund giant says, "Fidelity has one of the premier fund distribution platforms in the industry, and we are excited to offer our funds to their customers with no transaction fee. We look forward to a long and mutually beneficial relationship."


    Kinetics Asset Management also announced earlier in the week that the Internet Fund is now being distributed via Schwab OneSource, Schwab's NTF fund supermarket. "We are extremely pleased to add Schwab, one of the largest no-load fund marketplaces, to our list of financial institutions that make available The Internet Fund," stated Brooke Connell, senior vice president, business development, Kinetics.

    Connell added that the fund was added to Schwab's supermarket in order to broaden distribution to advisors and planners and would be supported by Kinetics' recently launched national advertising campaign.


    And finally, in recognition of "the rapid growth in the number of individual investors using the Internet to trade mutual funds," Northern Funds has also added 5 of its 27 funds to Schwab's Mutual Fund OneSource, including its hot-performing Northern Technology Fund, which has returned 86.71% over the last 12 months.

    The five Northern Funds now available through Schwab are the Northern Technology Fund, Select Equity Fund, Growth Equity Fund, Mid Cap Growth Fund and Income Equity Fund.


    Printed from: MFWire.com/story.asp?s=25034

    Copyright 1999, InvestmentWires, Inc.
    All Rights Reserved
    Back to Top