While the Internet has proven to be something less than the dominant distribution channel many had hoped for, in the past year, funds' online initiatives have largely been directed at capturing and servicing broker-dealers, wirehouses and other intermediaries.

In 2001, funds shifted their online initiatives from servicing the retail channel with Web sites and began focusing their efforts on institutional and intermediary channels, according to a new study from kasina, a New York-based e-commerce consultant.

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