fund supermarket

(redirected from Fund Supermarkets)
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Related to Fund Supermarkets: Fund Platform

Fund Supermarket

A brokerage that provides investors access to many mutual funds from various fund families. This permits greater variety in their portfolios while allowing the investors to receive all their statements from a single source. Fund supermarkets also have the potential for deep customer bases because of the sheer variety of funds offered.

fund supermarket

A financial institution that offers a large number of mutual funds from many different sponsors. The term is often used to refer to brokerage firms that offer customers a very large number of no-load funds.
References in periodicals archive ?
Rebecca O'Keeffe, head of fund management at fund supermarket Interactive Investor, said market volatility had led to many investors sitting on cash within the ISA wrapper.
Q WHAT is the advantage of a fund supermarket as opposed to investing directly with the one ISA fund manager?
Today, investors like McCluney can engage in one-stop shopping through dozens of fund supermarkets.
Understand key current and future market drivers and their implications for fund supermarkets and fund managers.
At its simplest, a fund supermarket is a platform enabling you to buy a fund or selection of funds with choice from many different fund providers, avoiding the time-consuming complexities previously associated with varied portfolios.
The products on offer are geared to all investors, from young risk-takers to prudent pensioners, but the fund supermarkets are more suited to confident, clued-up buyers.
We anticipate that the successful fund supermarkets will operate on an electronic basis, receiving secure instructions and fully servicing clients over the Internet using straight through processing from web-site to nominee holdings," said Jim Palermo, executive vice president and head of Mellon Trust's Global Securities Services.
Profiles leading fund supermarkets in Spain and explores their marketing and distribution strategies.
Nevertheless, some small private investors still think that fund supermarkets are specifically geared towards institutional investors, that is, the big market players .
Fund supermarkets in Germany 2007 examines developments in the German fund supermarket sector and assesses the distribution channels that are in operation.
Now a range of online fund supermarkets provide the ideal opportunity to gain with a mix of low charges and easy and cheap switching between investments.
In 1996, the $15 billion that flowed into Mutual Fund OneSource(R) is more than three times the combined total of other fund supermarkets that have emerged since Schwab pioneered the concept.