In 2000, many mutual fund investors ended up paying capital gains on funds that had actually lost value during the year. Folio companies say their products give investors more control, allowing them to decide what gets sold and when. For example, folio providers are not required to issue a prospectus that spells out risks the way mutual funds are. The SEC is considering a request from the Investment Company Institute, which represents mutual fund companies, to regulate folios like mutual funds, a move the folio providers oppose. Folio providers are marketing their products to mutual fund customers and financial advisers.
Folios are part of a larger push in the industry to offer mutual fund alternatives.
I'm not a real adept stock picker, so I use the pre-selected folios. I'm very satisfied with this service. I N K Get online access to annual reports and mutual fund prospectuses . Past Mutual Funds Notebooks Click here for the latest sector figures, updated every 20 minutes. Click here for the latest quotes, updated every 20 minutes.