Thanks for sharing this idea.
Mutual funds are the ‘legacy’ version of ETFs, in other words ETFs are more modern, traded more frequently / liquid and generally available for lower fees. The fees vary but ETFs tend to be lower than mutual funds; average costs for ETFs ranging around 0.5% of assets vs. an average of 1–1.5% for mutual funds. So we don’t have any plans to offer mutual funds at the moment.
There’s often ETFs that’re similar to popular mutual funds though. If you can’t find them in the Stock Universe then please create a #stock-requests for it.
I’ll leave this topic open for others to vote on, on the off-chance that something changes in the future.
For anyone who’s not familiar with mutual funds, here’s our explanation from the Asset Class blog post -
Investment vehicles that pool investor money to buy equities and other assets. Like ETFs, they vary hugely in structure, strategy, management and asset choice. Again like ETFs, they’ll have management fees. Unlike ETFs, a share in the fund doesn’t trade like a stock and the fees will be higher. Relative to ETFs, they’re more likely to be actively managed by a particular team or person or have a more discretionary approach to investing.