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Strategies & Market Trends : Fidelity Funds

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From: Sr K6/28/2016 10:21:48 PM
1 Recommendation

Recommended By
Julius Wong

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June 29, 2016
5:29 PM

Fidelity Just Made Buying an Index Fund Vanguard Cheap
Money manager to slash prices on more than two dozen funds, putting fees below or on par with Vanguard and Charles Schwab

wsj.com

Fidelity oversees retirement products for millions of Americans. Its discounts affect $216 billion in assets, a small portion of $2.1 trillion under management as of the end of May.

But the cuts apply to all 27 of the firm’s stock- and bond-index mutual funds and exchange-traded funds. One of the sharpest drops affects the investor-share class of the Fidelity Small Cap Index Fund, whose fees will fall to .19% from .23%. The Vanguard Small-Cap Index Fund Investor Shares costs .20%.

Fees on the Fidelity 500 Index Fund, which mirrors the S&P 500, will drop to 0.09% from 0.095%. That is the same as a comparable product at Charles Schwab and lower than the Vanguard 500 Index Fund Investor Shares fund, which costs 0.16%. Fidelity’s price reductions are effective this Friday.

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