August 8, 2018

NOTHING COSTS MORE THAN IT USED TO:

How low can investment fees go? Fidelity launches a race to zero (THOMAS HEATH, AUG 08, 2018, LA Times)
 
Fidelity Investments announced recently it was launching two zero-cost index mutual funds, escalating a price race that could leave investors questioning whether to pay mutual fund management fees at all.

"The most meaningful impact of all of this is its effect on what investors expect to pay for broad market exposure, which is now, at least in the case of a pair of Fidelity funds, nothing," said Ben Johnson, director of global exchange traded funds and passive strategies research at Morningstar.

Posted by at August 8, 2018 4:20 AM

  

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