1 FUNDS® is available to all members for a nominal one time fee and requires
only an IBM-compatible computer and a telephone modem.
July 16, 1993
TO: DIRECT MARKETING COMMITTEE NO. 38-93
INDUSTRY STATISTICS COMMITTEE NO. 11-93
MARKETING POLICY COMMITTEE NO. 29-93
MEMBERS - ONE PER COMPLEX NO. 47-93
RESEARCH COMMITTEE NO. 24-93
SALES FORCE MARKETING COMMITTEE NO. 36-93
SEC RULES MEMBERS NO. 59-93
SMALL FUNDS MEMBERS NO. 8-93
FUND USERS
RE: Enhancement to ICI's "New Funds in Registration" Service on
FUNDS®
__________________________________________________________
As you may be aware, the ICI provides a weekly "New Funds in Registration"
service for its members. This service contains information on new funds recently
registered with the SEC and has proven valuable to member marketing and legal
staffs attempting to keep abreast of product developments within the mutual fund
industry.
Because of the increased difficulty of digesting the volumes of N-1A and
N-2 Registrations and the availability of competent commercial sources of this
information at reasonable pricing, the ICI has decided to replace its own
internal reporting service with an existing commercial product over the
Institute's computer network, FUNDS®1.
As a result, beginning in August 1993, the ICI will discontinue its "New
Funds in Registration" service and will substitute in its place a product called
Mutual Fund Advance (produced by Federal Filings, Inc., a subsidiary of Dow
Jones). Mutual Fund Advance will be offered to members over the FUNDS® system
for an annual subscription price of $800.00, ($180.00 less than Federal Filing's
existing fax-service price).
Mutual Fund Advance has the benefits of being a twice-weekly report
covering new funds at the SEC before they go to market, including new portfolios
added to a series and funds that are part of larger funds. Mutual Fund Advance
pays particular attention to innovative pricing structures, multi-class plans,
two-tier funds and third party funds. Subscribers receive indexes to new funds
segregated by fund type, tier and structure. Enclosed is a sample copy of a
recent Mutual Fund Advance.
The ICI is please to be offering this product over FUNDS® to its members
in conjunction with Federal Filings, and hope that you find it useful. Mutual
Fund Advance is currently available for access via FUNDS®. Questions or comments
concerning this service may be directed towards Mike Halbrook at the ICI at
(202)955-3553. For subscription information, please contact Michael O'Brien at
Federal Filings, Inc. at (202)628-8910.