Feeds

Microsoft signs up with Egg for MSN online investment funds

Will go live start of next year

  • alert
  • submit to reddit

Boost IT visibility and business value

Microsoft and Egg have announced a European deal today that will see MSN's MoneyChannel offer a fund supermarket from Q1 next year.

What the hell is a fund supermarket? Basically, it's a searchable list of all the various investment funds available from a range of fund managers like ABN Amro, Goldman Sachs, HSBC, JP Morgan etc etc - the big boys.

An Egg spokesman explained why we would be interested in that: "Well, most people will be interested in ISAs and we have a range of pre-packaged ISAs, like European or Technology. But for a more sophisticated investor, the fund supermarket enables you to pick and choose individual funds."

Such a supermarket already runs on Egg's site (go to Egg Invest, then fund supermarket). It offers a search facility on the name, charges, performance, sector and independent ratings. There are 266 different funds, we were told, and the advantage of buying them through Egg is that they get a bulk-buy discount. Some funds have a less than one per cent through Egg, but would cost five per cent it you bought direct, the spokesman tried to persuade us.

The MSN tie-up will be co-branded and run as a pilot this autumn in time to go live in Q1 next year. The service will be run on Egg's servers and will closely follow Egg's current setup. Egg refused to say how much the deal was worth, saying it was commercially sensitive information.

MSN's MoneyChannel is very lacklustre at the moment, containing little more than newsfeeds, certainly not any financial services. As Microsoft attempts to make MSN a lynchpin in its Internet strategy and a big part of the .NET "vision", more of these deals, dependent on someone else's experience and technical expertise, will happen.

In return, the company gets a prime spot on the MSN portal - a very nice place to be.

If you want to read some tedious comments from top execs on the deal and how this all fits in neatly with Egg's plan to expand its services internationally, check out the press release here. ®

The Power of One Brief: Top reasons to choose HP BladeSystem

More from The Register

next story
Stick a 4K in them: Super high-res TVs are DONE
4,000 pixels is niche now... Don't say we didn't warn you
BBC goes offline in MASSIVE COCKUP: Stephen Fry partly muzzled
Auntie tight-lipped as major outage rolls on
Philip K Dick 'Nazi alternate reality' story to be made into TV series
Amazon Studios, Ridley Scott firm to produce The Man in the High Castle
iPad? More like iFAD: We reveal why Apple fell into IBM's arms
But never fear fanbois, you're still lapping up iPhones, Macs
Bose says today is F*** With Dre Day: Beats sued in patent battle
Music gear giant seeks some of that sweet, sweet Apple pie
There's NOTHING on TV in Europe – American video DOMINATES
Even France's mega subsidies don't stop US content onslaught
You! Pirate! Stop pirating, or we shall admonish you politely. Repeatedly, if necessary
And we shall go about telling people you smell. No, not really
Too many IT conferences to cover? MICROSOFT to the RESCUE!
Yet more word of cuts emerges from Redmond
Joe Average isn't worth $10 a year to Mark Zuckerberg
The Social Network deflates the PC resurgence with mobile-only usage prediction
prev story

Whitepapers

Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
Application security programs and practises
Follow a few strategies and your organization can gain the full benefits of open source and the cloud without compromising the security of your applications.
How modern custom applications can spur business growth
Learn how to create, deploy and manage custom applications without consuming or expanding the need for scarce, expensive IT resources.
Securing Web Applications Made Simple and Scalable
Learn how automated security testing can provide a simple and scalable way to protect your web applications.