Exchange-traded funds are not the only exotic new product shaking up the mutual fund industry. A new breed of customized, web-based baskets of stocks has recently come to market.

These offerings, which are crosses between stocks and mutual funds, include FOLIOfn of Vienna, Va. (MFMN 4/28/00), of Minneapolis (MFMN 5/8/00) and of Las Vegas, Nev. went online in October 1999.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.