Fidelity Plans to Reduce Fees on Eight of Its Index Funds

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By , Staff Writer
Posted on Wed Dec 12, 2012, Last Updated on Wed Dec 12, 2012

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Fidelity Investments, one of the largest brokerages in the country, said it will lower expenses on eight popular index funds and reduce the investment minimums for 22 Fidelity index funds — the changes will take effect on Jan. 1, 2013.

“These latest moves are another example of our commitment to providing workplace retirement plan sponsors and individual investors access to a wide-array of high-quality index funds at some of the most competitive pricing in the industry,” said JS Wynant, executive vice president at Fidelity Investments, in a news release.

With the lower fees and investment minimums, Fidelity index funds become more competitive compared to low-cost index-ETFs from companies such as Vanguard and Charles Schwab.

 

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