The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Fidelity Caps Expenses on Five Index Funds Not Rated 0.0 Email Routing List Email & Route  Print Print
Tuesday, August 31, 2004

Fidelity Caps Expenses on Five Index Funds

by: Theresa Sim

Fidelity has reduced expense ratios on five equity index funds to the bargain basement price of 10 basis points. Will other index funds be pressured to follow suit?

The funds affected are Fidelity's Spartan 500 Index, Spartan Total Market Index, Spartan Extended Market Index, Spartan International Index and Spartan U.S. Equity Index Fund.

"[The fee reduction] is the latest move in an aggressive effort over the past 18 months to scale back fees, expenses, and commissions on a number of our products in order to ensure that we are positioning ourselves at the head of the pack in a very competitive marketplace," stated Jeff Carney, president of Fidelity Personal Investments.

Fidelity said in the past 18 months it has eliminated loads on direct-sold funds, eliminated front-end charges on funds, and lowered commissions on trades. 

Stay ahead of the news ... Sign up for our email alerts now

 Do You Recommend This Story?

Return to Top
 News Archives
2020: Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Add to My Yahoo!
follow us in feedly

©All rights reserved to InvestmentWires, Inc. 1997-2020
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use