MutualFundWire.com: Schwab's Supermarket Hits $100 Billion, Kinetics Joins The Party
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Thursday, January 27, 2000

Schwab's Supermarket Hits $100 Billion, Kinetics Joins The Party


Charles Schwab reached a milestone recently when the assets in its OneSource marketplace passed the $100 billion mark.

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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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