Two U.S. companies are preparing to export one of the mutual fund industry's most widely recognized innovations - the mutual fund supermarket - to the United Kingdom.

Charles Schwab & Co. of San Francisco and Fidelity Investments of Boston both are planning to introduce mutual fund supermarkets in the U.K. before Dec. 31, according to executives at the firms. The companies' initiatives will be among the first of perhaps 10 supermarkets that are expected to go online in the U.K. in the next 18 months, according to mutual fund and supermarket executives and consultants.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.