FYI: Fidelity Investments introduced two mutual funds last month that cost investors nothing. One is focused on U.S. equities and the other on international assets. This is not a gimmick. The funds have already attracted almost $1 billion. The move was the latest salvo in a rapidly escalating fee war in the money-management industry. But let’s not declare the death of funds with high sales loads and other fees just yet.
Regards,
Ted
https://www.bloomberg.com/view/articles/2018-09-06/mutual-fund-fee-wars-may-be-bad-for-investors
