In the Margins

Fidelity cuts fees to lower-than-Vanguard levels

July 31, 2017

By Bloomberg

Fidelity Investments will cut fees on 14 passive products, saying its stock and bond index mutual funds and sector exchange-traded funds now have net expenses lower than comparable Vanguard funds. The reductions, which take effect Aug. 1 and apply to most share classes, will save investors about $18 million a year, Fidelity said in a statement Monday. Read the original story from Bloomberg

 

 

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