BOSTON (AP) — Fidelity Investments is trimming fees at its largest index mutual funds and making some of its lowest-cost options accessible to a larger number of fund shareholders, including those with as little as $2,500 to invest.
The moves announced Tuesday follow recent investment fee cuts involving mutual funds or exchange-traded funds at rivals such as Vanguard, BlackRock and Charles Schwab.
Fidelity's moves affect mutual funds holding about $100 billion in assets, out of about $1.6 billion that the Boston-based company manages overall.
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