Fidelity Slashes Fees on Index Funds
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Leaping into a burgeoning price war with low-cost exchange traded funds, Fidelity Investments has slashed fees on five index mutual funds widely used in group and individual retirement accounts.
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First it was Fidelity, the second-biggest mutual fund family in the United States. It announced 12 days ago that it was slashing the expense fees on five of its index funds.
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Fidelity Investments, the world's biggest mutual fund company by assets, said yesterday it will offer mutual funds run by a team instead of one person, in a move analysts said was aimed at trying to increase sales.
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Fidelity Investments, the world's biggest mutual fund firm, said on Friday its net income fell 11.3 percent to $1.18 billion in 2006 as performance of its funds slipped and its costs rose.
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Online banking and brokerage firm E*Trade Financial Corp.  on Tuesday unveiled broad cuts to its transaction fees as part of a strategy to attract retail investors and options traders.
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The Securities and Exchange Commission yesterday ordered mutual funds to stop paying higher commissions to brokers who promote the companies&#39; funds. The agency also required portfolio managers to reveal investments in funds they ...
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Fidelity Investments has changed leadership on 13 funds so far this year, as it reassigns some managers and promotes others, mostly in areas investing in specific industries.
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THE REGION Fidelity Investments said it is cutting the cost of its online bond trades for retail investors. The firm cut fees by 50 percent for online fixed-income trades to retail investors buying or selling bonds. For example, US Treasuries will now cost 50 cents to trade, per bond; government agencies and Treasury Strips, $1; municipal bonds $1.50; corporate bonds ...
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Charles Schwab Corp. (SCH.N: Quote, Profile, Research) the biggest US discount brokerage, on Monday said it would cut trading fees for the second time since June in a bid to outmaneuver rivals amid fierce competition.
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Fidelity Investments, the world's  biggest mutual fund company, posted on Friday an 11.3 percent  drop in net income, its first profit decline in four years, as  it spent more to compete with rivals.
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Charles Schwab Corp. SCH.N, the  largest U.S. discount brokerage, has halved the level of assets  that clients need to avoid paying some fees.
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It's time to stop a hidden fund fee.
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A move by Fidelity Investments to lower its corporate taxes -- potentially by hundreds of millions of dollars a year -- came under fire yesterday by tax policy advocates and a Massachusetts union official, while a business group defended the Boston mutual fund firm's strategy.
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Investor's Business Daily - Fidelity Investment's shakeup in the organization of its mutual funds, begun 18 months ago, appears to be yielding results for the industry leader.
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Investment plan fees can sap thousands of dollars from a worker's retirement savings. Some lawmakers are considering making companies that manage 401(k) plans give clearer and more complete information on those costs.
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THE REGION Bond fees lowered to woo customers
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A move to curb sales fees at one of the largest fund providers may be good news for investors, but load funds still scream buyer beware.