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.
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Marlene Satter
Marlene Y. Satter has worked in and written about the financial industry for decades.
