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Fidelity Eliminates Fees on Two New Index Funds, announces zero-fee funds, in a big milestone for the industry

Bonjour Kwon 2018. 10. 17. 08:28

2018.8

 

Fidelity Eliminates Fees on Two New Index Funds

 

Fidelity Investments announced that it won’t charge any management fees on the new funds

 

 

 

Starting Friday, Fidelity Investments will offer clients the chance to invest in two new stock-index funds without paying any fees, putting new pressure on low-cost rivals such as Vanguard Group and Charles Schwab Corp.

 

 

 

The mutual-fund giant also announced it is slashing fees on existing stock and bond index funds by an average of 35% as price competition intensifies with Vanguard and Schwab.

 

 

 

(인용: 월스트리트저널)

 

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Fidelity announces zero-fee funds, in a big milestone for the industry