Fidelity Cuts Fees for 27 Index Funds in Bid for Passive AssetsBy and
Net expenses to drop as low as 1.5 cents per $100 invested
Fidelity oversees $216 billion in index mutual funds
Fidelity Investments, known for its history in active money management, is cutting fees for 27 index mutual funds and exchange traded funds in a bid to attract more assets into passive strategies.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.