Fidelity: There are No Free Lunches
This article was originally published on ETFTrends.com.
By Toroso Asset Management This week, Fidelity announced the filing of two index based mutual funds with a “ZERO” management fee. Fidelity ZERO℠ International Index Fund FZILX Fidelity ZERO℠ Total Market Index Fund FZROX Not surprisingly, this sent shock waves throughout the ETF world causing shares companies like Blackrock, Invesco and Wisdomtree to drop about 5%. [...]