fund supermarket


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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 ?
Fund supermarkets in Spain currently offer a comprehensive range of investment funds, covering domestic and international markets.
As administrator to a fund supermarket, Mellon Trust will provide the following functions:
The key advantage of a fund supermarket is that it lets you combine a wide range of funds, from different management groups all in one ISA.
Germanys fund supermarket sector continues to expand to meet the demands of a growing potential customer base
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.
Analyses key development in these international fund supermarket industries
The fund supermarket will close early next year to coincide with the merger of Virgin Direct, which sells life insurance and pensions, under the Virgin Money brand.
Fidelity is the leading US fund supermarket, offering a total of around 4,600 funds, from around 420 host suppliers including Fidelity itself.
The fund supermarket will be available via MSN on its MoneyCentral channel.
That might seem like good news for investors - but only a handful of fund supermarkets are likely to survive, analysts have predicted.
The announcement came just two days after the launch of a similar fund supermarket by rival group Fidelity.