Fund.com, Inc. (FNDM.OB), an online financial information publisher, recently traded at $10.05 per share, up 980 percent from $1.05 per share when we covered the stock as a “One to Watch.”
Fund.com services the investment fund market with an online web portal of personal finance channels, including mutual funds, hedge funds, money market funds, exchange traded funds (ETFs), closed end funds, commodity funds, pooled investment vehicles and other segments of the finance information industry.
According to PricewaterhouseCoopers, the U.S. business information services industry is growing, with a total market size of approximately $46.5 billion. In addition, the U.S. mutual fund industry reached $10.6 trillion in 2006, accounting for 48 percent of the $21.8 trillion in mutual fund assets worldwide, as reported by the Investment Company Institute.
Fund.com generates revenues by pay-for-performance online advertising and asset-based licensing agreements for the company’s Index content, including the EQUITIES® Hedge Fund Index. Fund.com is paid a recurring fee as a percentage of Indexed assets under management.
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