U.S. Securities and Exchange Commission chairman Christopher Cox announced the launch of a new Internet Web page that allows investors to access mutual fund information using interactive data.

The SEC says the tool enables investors to more easily read, analyze, and compare the information provided by mutual funds related to fund cost, risk, and past performance.

“The Mutual Fund Reader is an important, time-saving step to help investors compare various mutual funds at the click of a mouse,” said Cox. “It will help ordinary investors use mutual fund information quickly to make the best decisions in investing for retirement, college education, health care, and other financial needs.”

The SEC approved rule amendments in June 2007 to enable mutual funds to submit risk/return summary information from their prospectuses using interactive data. Already, 20 mutual funds have voluntarily submitted their information in interactive data format . Additional filers are expected to participate in the coming months, the SEC said.