FYI: Fidelity’s high-profile move to offer no-fee index funds is shaking up asset management, this time in the institutional market.
Institutional investors are using Fidelity’s recent launch of no-fee funds for retail investors to negotiate hard for their own fee deals. Quantitative firm Analytic Investors, which Wells Fargo Asset Management acquired in 2016, and other asset managers are feeling the pressure to eliminate base management fees — or keep them very low — and instead charge performance fees.
Regards,
Ted
https://www.institutionalinvestor.com/article/b1c0136vg4hb58/The-Next-Big-Fee-Trend
