and her team are doubling down on their bet on free funds.
Yesterday after market close, Fidelity Investments
] personal investing president Kathy Murphy unveiled
the Fidelity Zero Large Cap Index Fund
(FNILX) and the Fidelity Zero Extended Market Index Fund
(FZIPX). Like two funds Fidelity launched
in early August, the new funds will both have expense ratios of zero basis points. They will launch next Tuesday, September 18.
and the Wall Street Journal
both reported on the two newest funds.
Fidelity's first two free index mutual funds rose
to a combined $987.7 million in AUM in less than a month. All four funds are only available to Fidelity's direct retail investor customers, not through financial advisors, retirement plans, or outside platforms.
Neil Anderson, Managing Editor
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