, a first-time mutual fund adviser, plans to launch four online mutual funds, including a novel S&P 500 Index Fund that will be free to investors., a year-old investment advisory firm in Culver City, Calif. will allow investors to invest as little as $200, and up to a maximum of $10,000, in its new fee-free S&P 500 fund. The fund charges no management fee, no distribution fee or other associated fund operational charges such as custody expenses, brokerage fees or transaction costs. The adviser has agreed to absorb all fund-related costs.

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