Mutual fund investors are increasingly willing to use the Internet for fund transactions, according to a survey by American Century Investments, a mutual fund company.
According to the survey, 44 percent of mutual fund investors have no concerns about doing fund transactions on the Internet, up from 15 percent in 1996.
Fund investors concerned about security and privacy in online fund transactions declined to 26 percent from 68 percent during the same period, and those concerned about reliability fell to 4 percent from 14 percent.
"As more and more people gain access, more and more are using this as a channel to do a lot of their simpler interactions with mutual fund companies," said David McCalley, vice president of electronic commerce at American Century.
Nearly a quarter of the respondents used the Internet for an investment transaction, compared to 19 percent a year earlier, the survey found. Nearly half had visited a mutual fund Web site, up from 28 percent in 1996.
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