03 Aug 2018
- Fidelity is launching two new index funds that give investors free exposure to the U.S. and international equity markets.
- The move has more symbolic than economic significance, signifying important shifts underway in the fund industry.
- The zero-cost index funds appear to be a good deal, but investors should be aware of other fees that can add to the all-in cost of implementing an investment plan.
Yesterday, Fidelity Investments unveiled a sweeping set of initiatives that, taken together, make it easier and cheaper to invest in passive funds and exchange-traded funds on its brokerage platform.