TD Ameritrade Enhances Mutual Fund ‘Premier List’

TD Ameritrade has reorganized its 13,000 mutual fund offerings into four different investment objective categories and turned to independent mutual fund research company Morningstar to rate the “Premier List” of funds.

The four categories are now: core investments, primary investments, advanced investment strategies and all-in-one investments.

A recent survey of 1,000 TD Ameritrade investors conducted by InsightExpress found that nearly half, 48%, say there are nearly too many funds from which to choose, yet 74% prefer to choose mutual funds based on specific objectives. Fifty-one percent said they invest to generate income.

“We are seeing more and more clients move into managed products like mutual funds, but their concern that the choices are too vast is understandable when considering the variety of offerings available today,” said Sandy Motusesky, director of mutual funds and exchange-traded funds at TD Ameritrade.