FYI: Passive investing isn’t getting any cheaper, an indication that the much-ballyhooed race to zero is over, or at least on pause.
Despite last summer’s hype about Fidelity Investments’s new zero-fee mutual funds, the price paid for index funds that invest in big U.S. companies barely budged in 2018, according to a report last week from Morningstar.
In some categories, investors actually paid higher fees, and they don’t necessarily mind: for the first time in at least six years, investors rated fund performance as equally important as fund fees, according to an annual survey of 300 institutional investors, financial advisers and fund managers world-wide by Brown Brothers Harriman.
Regards,
Ted
https://www.wsj.com/articles/who-needs-free-passive-fund-prices-flatline-11550592000?mod=searchresults&page=1&pos=2
