Online mutual fund investors tend to be young, have a high degree of risk tolerance and possess strong confidence in their own ability to make decisions about their holdings, according to a study by Spectrem Group, a research and consulting firm based in San Francisco.

The study was based on two research projects conducted by Spectrem and NFO Worldwide, its parent company over the past year. Spectrem used data from its mutual fund research program to determine how many fund owners use the Internet, and noted their characteristics, including age, income and amount of assets.

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