Capital Network Services, a San Francisco mutual fund service provider, has unveiled a Web-based fund supermarket for investors looking to trade in and out of money market funds quickly.

Capital Network is the first company to offer an Internet supermarket that consists solely of money market funds, said its president and chairwoman, Kathryn Heily. It has distribution agreements with about 40 fund families, including Mellon Bank Corp.'s Dreyfus Corp. fund family, Putnam Investments, Federated Investors, and J.P. Morgan & Co.

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