Industry commentators have warned there are a number of transparency issues with no-fee structures following the launch of the first zero expense ratio index funds by Fidelity Investments in the US, adding it is unlikely this model will be replicated in Europe in the near future.
On 2 August, Boston-based Fidelity Investments announced it would be launching the ZERO Total Market Index and ZERO International Index funds, which track the group's in-house equity indices. The firm...
'Elaborate breach of trust'
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