FYI: (This is a follow-up article.)
It’s a stunning turn. Fidelity Investments -- the mutual fund powerhouse that made its name and fortune on high-priced active management -- now charges less for its own stable of index funds than the Vanguard Group.
Fidelity boasted in a press release on Monday that “100% of Fidelity's stock and bond index mutual funds and sector ETFs will have total net expenses lower than their comparable Vanguard fund.”
Regards,
Ted
https://www.bloomberg.com/gadfly/articles/2017-08-02/fees-migrate-from-asset-pickers-to-asset-allocators
