Fundsters whose mutual funds trade through the Fidelity FundsNetwork
might see a spike in shareholder movement soon. Forbes
' Sam Subramanian reports
that the Boston-based firm just cut the commission-free minimum hold-time on FundsNetwork from 180 days to just 60.
According to Forbes, that puts FundsNetwork well ahead of the other supermarkets, with Ameritrade requiring a hold time of at least 180 days, and E*Trade, Schwab and Scottrade requiring 90.
The magazine claimed that the shift "significantly improves the attractiveness of style, region and country rotation-based portfolios," allowing those rotations to be applied "more frequently."
Neil Anderson, Managing Editor
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