In the Margins

Fidelity nixes short-term fund trading fees

December 16, 2016

By The Wall Street Journal

Fidelity Investments is removing short-term trading fees for 75 funds, a response to the growing popularity of low-cost exchange-traded funds. These redemption fees, charged to shareholders who withdraw their money within a given time horizon, are paid back to the fund, benefiting remaining shareholders. Read the original story from The Wall Street Journal.

 

 

Most Read

Top of the Agenda - Governance
Fewer women, minorities among new fund directors

After years of making gains in filling fund board seats, women and individuals representing minority groups lost significant ground in the most recent two-year period measured ...

Top of the Agenda - Compensation
IDC: Fund director pay climbs again in 2024

Mutual fund independent directors earned more in 2024 than in the year prior, and the pace at which their compensation grew was also higher year-on-year, according ...