What is a Mutual Fund Screener?
A mutual fund screener is an online tool that allows users to search for mutual funds based on a selected criteria.
It is a common way for internet-savvy investors to research and select mutual funds that meet their requirements in specific ways.
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Free Screeners
Investment companies and online stock brokers commonly offer a mutual fund screener as a free service on their web sites.
Financial news outlets like CNBC, Yahoo! Finance, and CNN Money also provide a free mutual fund screener on their web platforms.
Filters
Every mutual fund screener uses a variety of different filters to produce search results, and searches can become very detailed.
Some of the common filters used in a mutual fund screener are as follows:
- Fund type
- Cost
- Ratings and risks
- Performance
- Shareholder information
- Open to new investors
- Portfolio turnover
- Net assets
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Necessary Tool
The explosion of worldwide connectivity, and the increasing complexity of investment opportunities, means that a mutual fund screener is a necessary tool for investors.
For example, an investor whose portfolio lacks securities in certain asset classes and quickly scan and examine mutual funds that are available in that asset class.
Most screening of mutual funds was carried out with dedicated software programs until recent years.
The average online mutual fund screener is now advanced enough to present investors with reliable information.
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