Fund.com, Inc. (FNDM.OB) Capitalizing on Rapidly Growing ETF Market in More Ways than One
QualityStocks (March 18th, 2010) Writes:
Fund.com wants to do something that nobody else is doing. It wants to be for the fund industry what Bankrate.com is for banking, what Lendingtree.com is for the mortgage sector, and what CreditCards.com is for credit cards. Specifically, it wants to be the nation’s vertically-focused online investor resource for the fund investor.
It’s a huge and underserved market. Each year, hundreds of billions of dollars flow into investment funds of all kinds. The U.S. mutual fund industry is now in the trillions of dollars, accounting for nearly half of the global mutual fund total. Funds obviously have a broad appeal to investors, but third party distribution of funds has largely been a function of financial advisors, dependent on in-person client meetings and other inefficient marketing methods. Fund.com taps into the continued growing popularity of the Internet as a preferred source of
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