Mutual funds are honing in on the smartphone craze and rolling out applications for users on the go, the Wall Street Journal reports.

Specifically, Vanguard Group [see profile] and Charles Schwab Corp. [see profile] added fund trading to their iPhone apps in December, and both reportedly plan to offer similar apps for phones using Google Inc.'s Android operating system by this summer. Fidelity Investments [see profile] last year rolled out fund trading on an iPhone app in February and an Android app in December.

And not to be left out, Morningstar in December reportedly beefed up its mobile capabilities on iPhone, BlackBerry and Android applications to help users track their portfolios, read market news and access analyst research. 

Edited by: Hung Tran


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