Mutual funds Supermarkets

From: kmealy@juno.com (Keith Mealy)
Subject: Mutual funds Supermarkets
Date: Mon, 20 Jul 1998 15:57:19 -0400

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I read a recent article that the number of supermarkets rose from
15 in 1996 to 24 in 1997 (and who knows how many today).  A funds
supermarket is company that allows you to buy funds from many
different families under one account.  The funds are sold either
NTF (no transaction fee - the broker is paid by the family for doing the 
marketing and recordkeeping), transaction fee, or load.

These look like a terrific way to consolidate bookkeeping and allow
easy rebalancing and exchanges.

A couple examples are Schwab One-source and Fidelity 
FundsNetwork.

Now for the questions --
- - does anyone have the list of where these supermarkets are?
- - do they allow existing shares to be transferred in?
- - if  a fund or family is a transaction fee in one supermarket is it 
   necessarily a transaction fee in all supermarkets?
- - the couple that I've looked at have a fixed fee per transaction, are
there any
   supermarkets that are friendlier to DCA (dollar cost averaging)?
- - which supermarkets will do DCA for your account automatically?

kmealy@bigfoot.com
Cincinnati, OH

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