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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

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.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.
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.
Prudential's survey reveals that 73 per cent of DIY investors prefer to buy direct from a provider, 12 per cent from fund supermarkets and 10 per cent from platforms.
Al Rajhi Capital, the investment arm of Saudi-based Al Rajhi Bank (RJHI.AB), has announced the signing of a distribution agreement with Derayah Financial, the largest mutual fund supermarket in the Middle East.
Al Rajhi Capital, the investment arm of Saudi-based Al Rajhi Bank, has announced the signing of a distribution agreement with Derayah Financial, the largest mutual fund supermarket in the Middle East.
As per the deal, Derayah will be distributing Bakheet's funds to individual investors through its website, which is the first mutual fund supermarket in the Middle East.
The new agreement will enable Derayah to distribute NCB Capital's mutual funds to individual investors through its website www.derayah.com, which empowers individuals to invest in the first and largest mutual fund supermarket in the Middle East This agreement is part of NCB Capital's continuous expansion to enhance the availability of its products and services and to boost the distribution channels of its investment funds to individual investors.
This agreement confirms Derayah's position as the first mutual fund supermarket in the Middle East.
recently conducted a review of fund supermarkets and several brokerage firms that sponsor fund supermarket programs.
Q WHAT is the advantage of a fund supermarket as opposed to investing directly with the one ISA fund manager?
Most people invest their ISA money monthly but, if you have a lump sum waiting to go into a shares account, it's worth approaching a fund supermarket as their initial charges are much cheaper than going direct to an ISA provider.
Craven, who runs the fund supermarket Willis Owen, warned that the pounds 300 billion with-profits pensions and endowments business could turn into ''a national nightmare'' for millions of pensioners and savers.