TD Waterhouse has launched its fund supermarket in the UK and is also offering six of its own brande...
TD Waterhouse has launched its fund supermarket in the UK and is also offering six of its own branded funds.
The service offers nearly 400 funds that are available over the telephone or online. Unit trusts and OEICs are provided by companies including Fidelity, Schroders, M&G, Invesco, Perpetual, Standard Life and Jupiter. No dealing commissions are applicable on fund purchases and initial sales charges are not more than 2.25%.
TD Waterhouse says funds purchased through its fund supermarket can be consolidated into one account with any other shares and cash holdings. Customers can also hold funds in a regular trading account or within an ISA wrapper, although this is only available by telephone at the moment.
The service also offers access to institutional fund research and analysis from TD Asset Management and from Morningstar UK.
Bharat Masrani, Vice Chairman of TD Waterhouse, commented: "The UK market place for authorised fund assets is set to grow to £555bn by 2005 from £259bn in May 2004 and fund supermarkets will account for at least 25% of its annual net new inflows."
To find out more about the TD Waterhouse Fund Supermarket go to www.tdwaterhouse.co.uk or call 0845 607 6001
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