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Paul Katzeff: Fidelity Ends Fees For In-And-Out Trades On 75 Mutual Funds
FYI: Fidelity Investments has stopped charging short-term trading fees on 75 of its mutual funds. While the move looks like a tactic designed to persuade shareholders not to shift their money to low-cost exchange traded funds — whose inflows have surged at the expense of higher cost mutual funds, mainly actively managed ones — Fidelity says the step is not a defensive response to the growing popularity of ETFs. Regards, Ted http://www.investors.com/etfs-and-funds/mutual-funds/fidelity-ends-fees-for-in-and-out-trades-on-75-mutual-funds/
