MetaMarkets.com of San Francisco has added E*Trade of Menlo Park, Calif., Fidelity Investments of Boston and USAA Insurance of San Antonio to its network of distribution partners for OpenFund, its interactive mutual fund managed live on the Internet, said Duff Ferguson, spokesperson for MetaMarkets.com. MetaMarkets.com now has 16 distribution partners, Ferguson said.
"Now that OpenFund has established distribution agreements with many of the best-known brokerage firms, most investors can easily add OpenFund to their portfolio from their existing brokerage accounts," said Donald Luskin, president, CEO and co-founder of MetaMarkets.com, in a statement.
OpenFund shares are also available through Charles Schwab, Ameritrade, Dreyfus, TD Waterhouse, Quick & Reilly and Bear Stearns, among others. OpenFund can also be purchased on the MetaMarkets.com website. The fund's minimum initial investment is $1,000, according to MetaMarkets.com.