By MyBankTracker  Wed Dec 12, 2012

Fidelity Plans to Reduce Fees on Eight of Its Index Funds

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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