Fund Assets Sold On The Internet Are Set For A Fivefold Increase, Study Says


NEW YORK--Mutual funds sold via the Internet are set for a period of explosive growth, according to a report published last week by Goldman Sachs. By 2002, mutual fund assets in on-line accounts will have reached an industry-wide total of $241 billion, compared to $47 billion in 1998.

The growing reliance on the Internet is in some ways only the technological side to fundamental changes in the asset management business that will drag down fund performance, drive industry consolidation and for

To continue reading...

You need to sign in to use this feature. If you don’t have a WatersTechnology account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: