Fund network

Fund network.

Fund networks, sometimes called fund supermarkets, offer access to thousands of different mutual funds from many of the major fund families.

Investing through a fund network can make it easier to diversify your portfolio, or put your assets into a variety of investments, since you have access to all the funds through one account.

And you can usually -- although not always -- transfer assets from one fund family in the network to another without an exchange fee although sales charges may apply with some funds.

In addition, capital gains taxes may be due if you're investing through a taxable account and the shares of the fund you're leaving have increased in value.

Dictionary of Financial Terms. Copyright © 2008 Lightbulb Press, Inc. All Rights Reserved.
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Rowe Price 896 2,071 35 Mutual Fund GaTeway TD Waterhouse 1,448 1,064 24 Mutual Fund Network USAA Fund Marketplace 600 597 40 Vanguard FundAccess 940 1,700 35 Phone Fund Supermarket Number Website CSFBDirect Fund Center 800-825-5873 (formerly DLJDirect) Dreyfus Lion Account 800-843-5466 Fidelity FundsNetwork 800-544-6666 NDB [National Discount 800-888-3999 Brokers] Mutual Fund Center Schwab Mutual Fund 800-435-4000 Marketplace Siebert FundExchange 800-872-0444 T.
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Those who want to get into the Democracy Trust Fund network can sign up by paying a membership fee of Sh5000.

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