Stein Roe Unplugs Proposed Net Fund as Investors Grow Wary of the Sector

Maybe Internet mutual funds were just a fad -- at least if you look at things lately.

Stein Roe Mutual Funds, one of the first established fund firms to say it would offer an Internet fund, has decided to nix the idea. The move comes as asset flows into existing Internet mutual funds are slowing dramatically.

David Brady, the Stein Roe manager who had been tapped to co-manage the proposed Internet Leaders fund, says the firm will instead focus on its existing funds. ...