Wells Fargo & Co. and Federated Investors each launched mutual funds Tuesday that invest in companies looking to benefit from the integration of the Internet into the national economy.

The Wells Fargo OTC Growth Fund invests in companies in the computer hardware, software, telecommunications, retail/wholesale trade, and biotechnology sectors, the San Francisco banking company said in a press release. It is only available as a no-load fund through Wells' online brokerage, the company said.

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