So, Fidelity dropped minimum purchase requirement and reduced the expense ratios to the same value for both Premium and Investor versions of their index funds. Would it not be logical to merge Premium and Investor funds now that there is no difference between them?
Also, now that FZROX is open for investing it's unclear how a non-zero ER for FSTMX and FSTVX can be justified.
Fidelity surely stepped up their competition with Vanguard in a big way. Now all Fido index funds are cheaper than Vanguard Admiral shares, the same is true for the sector ETFs:
https://www.fidelity.com/mutual-funds/i ... ndex-funds
0.00 expense ratio index funds @ Fidelity
Moderator: Global Moderator
Re: 0.00 expense ratio index funds @ Fidelity
"Let every man divide his money into three parts, and invest a third in land, a third in business, and a third let him keep in reserve."
- Talmud
- Talmud
Re: 0.00 expense ratio index funds @ Fidelity
I pushed some extra cash at Fidelity into the no-fee mutual fund, rather than just having it sit there uninvested.