Money managers who depend on actively managed funds are already feeling the financial pinch, with more pressure on the way. (Photo: Getty)
Fidelity Investments may have led the way with no-fee index funds this past summer, but the battle for investors' wallets hasn't stopped there.
According to a Reuters report, investors could be saving “billions” every year as money managers keep cutting fees in an effort to keep customers—and gain new ones.
In fact, says the report, “Some analysts see a future with negative fee index funds, where investors get paid a small amount for investing money.”
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Marlene Satter
Marlene Y. Satter has worked in and written about the financial industry for decades.
