Etrade Releases Bond Fund Selector Tool

Posted on Mon 30th Mar, 2009 03:18:16 PM

From Etrade, “Want to help diversify your portfolio? Professionally managed bond funds and ETFs can complement your stock holdings with an attractive combination of income potential, relative stability, and potential tax benefits.

Our NEW Bond Fund Selector makes it easy to identify bond funds that match your goals. Just answer four simple questions and you’ll receive a short list of recommendations carefully selected from a universe of over 2,000 mutual funds and ETFs.”

We tested the tool and found it very straightforward and easy to use. Some points to note:

When you highlight over an option it explains it further in simple terms, thus great for new or basic investors.
All recommendations are based on Morningstar ratings which are industry wide trusted. Multi-page detailed analysis provided for each recommended fund as well.
One feature that would be nice though is to show the management fees on the results page instead of having to click through to the fund page. Perhaps organizing by management fees is another feature that would be well liked.

Our Overall Opinion: Simple, Useful, and Straightforward. Thumbs Up!