Aug

Free Fidelity Funds Stoke Price War in Bid to Catch Index Giants

Firm will also reduce prices on existing index mutual funds
BlackRock, T. Rowe Price shares decline on Fidelity news

Fidelity Investments, having lost billions of dollars in assets to rivals, pulled out some new ammunition to use against them — dropping fees to zero.

The move is part of an ongoing reckoning at Fidelity. The company, which built an empire on the prowess of its stock pickers, has been moving aggressively to fit into a world increasingly dominated by low-cost index products and exchange-traded funds. But it’s playing catch-up to Vanguard Group and BlackRock Inc…

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Free Fidelity Funds Stoke Price War in Bid to Catch Index Giants

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