Fidelity Cuts Fees for 27 Index Funds in Bid for Passive Assets

  • 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.

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