Moneymanagers who depend on actively managed funds are already feelingthe financial pinch, with more pressure on the way. (Photo:Getty)
Fidelity Investments may have led the way with no-fee indexfunds this past summer, but the battle forinvestors' 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 effortto keep customers—and gain new ones.
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Marlene Satter
Marlene Y. Satter has worked in and written about the financial industry for decades.
