Fidelity unveils first no-fee funds in US
First zero expense ratio index funds launch tomorrow in US
There is no minimum investment for either fund in the US
Fidelity Investments, based in Boston, has announced it is launching the world's first zero expense ratio index funds tomorrow (3 August) in the US.
The Fidelity ZERO Total Market Index fund (FZROX) and the Fidelity ZERO International Index fund (FZILX) will cut costs by tracking Fidelity's in-house equity indices. FZROX aims to provide returns...
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