The Quant Funds group of Lincoln, Mass. has lowered the minimum initial investment to open an account in any of its six mutual funds, provided the account is opened online at the funds website. The minimum initial online investment was reduced to $500 from $2,500 beginning June 1. The reduction will continue until January 1, 2001.
"By lowering the minimum investment for online purchases, we are trying to make investing into any of our funds as easy as possible for our potential investors," said Fred Marius in a statement. Marius is president of the Quantitative Advisors, the funds' adviser. The Quant Funds group has $230 million under management.