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Rating:Fido Eases a FundsNet Restriction Not Rated 5.0 Email Routing List Email & Route  Print Print
Friday, December 09, 2011

Fido Eases a FundsNet Restriction

News summary by MFWire's editors

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." 

Edited by: Neil Anderson, Managing Editor

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