fund supermarket


Also found in: Dictionary, Wikipedia.
Related to fund supermarket: Sgx

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 ?
The group is introducing a new annual charge for using its Vantage fund supermarket arm from March 1, but has negotiated a cut in the cost of a raft of top funds that will bring down overall fees for investors by PS8m in the first year alone.
Funds sold through the fund supermarket will be subject to lower fees and commissions than those sold offline, leading to an improvement in return rates.
Investors with existing ISA and Unit Trust investments will be able to transfer their holdings to the Cofunds fund supermarket, which already holds in excess of [pounds sterling]20 billion worth of investments for private UK investors.
It will be used as a model for future agreements between Derayah and other financial firms who aim to enhance the availability of their products and services and to boost the distribution channels of their investment funds to individual investors through Derayah's website, the first mutual fund supermarket in the Middle East, said a company statement.
The most popular distribution channel for UK domiciled funds was fund supermarkets, representing 39 per cent of gross ISA sales, followed by sales forces and tied agents with a 33 per cent share of sales.
A MOST ISA investors will get a better deal through a fund supermarket because it will offer a wider range of funds and you can pick and choose.
FundsNetwork, another fund supermarket, typically levies an initial charge of 1.
Another reason to go to a mutual fund supermarket is you can reduce cumbersome paperwork, which can come in handy when monitoring performance and fees as well as getting prepared for tax season.
In the latest of a series of such alliances, KeyCorp has begun offering its customers more than 650 no-load funds from Schwab's wildly popular OneSource fund supermarket.
Effective July 29, 2008, the Fund will further open for sales of its shares in new investor accounts opened and held through broker/dealers, except for certain mutual fund supermarket platforms.
BinckBank NV ( BinckBank ) and SNS Bank NV ( SNS Bank ) have agreed on the takeover of fund supermarket Fundcoach ( Fundcoach ) by BinckBank.
The Bristol-based company, which offers financial advice and serves retail investors through its Vantage fund supermarket, said it had seen more clients switching to the group since the Retail Distribution Review took effect on January 1.