Fidelity Zero-Fee Funds Lure About $1 Billion in First Month
- Funds represent the latest battle in ongoing fee price war
- Fidelity has about $400 billion in passive assets firmwide
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Investors poured almost $1 billion into Fidelity Investments’ two zero-fee index funds in their first month of operation.
The Fidelity Zero Total Market Index Fund attracted $753.5 million through Aug. 31, while the Fidelity Zero International Index Fund gathered $234.2 million, according to Fidelity’s website.