FYI: The best things in life are free, except maybe index funds.
An important new milestone was reached in financial markets this year: For the first time, a financial company—Fidelity—offered a mutual fund that didn’t charge management fees, the first zero-fee funds.
Over the last 20 years fund fees have been trending down as more investors have discovered the benefits of passive investing, a strategy where a mutual fund is assembled out of stocks according to their placement in a pre-specified index. After years of charging investors high fees to select their stocks, investment managers are now racing to offer the lowest fees. Now, as actively managed funds are falling out of favor, some asset managers and economists are wondering if this is too much of a good thing.
Regards,
Ted
https://qz.com/1494933/2018-the-year-fees-hit-zero/
