Fidelity steps up Vanguard fee war with low-cost index funds

FIDELITY INVESTMENTS introduced five new low-cost index mutual funds, a move signaling an escalation of a price war with Vanguard Group. / BLOOMBERG NEWS FILE PHOTO/JB REED
FIDELITY INVESTMENTS introduced five new low-cost index mutual funds, a move signaling an escalation of a price war with Vanguard Group. / BLOOMBERG NEWS FILE PHOTO/JB REED
BOSTON – Fidelity Investments is stepping up its rivalry with Vanguard Group by launching five new index mutual funds with expense ratios it says are lower than the equivalent products at its competitor. Fidelity, which has $2.8 trillion under management, on Tuesday announced the addition of four index funds with expense ratios of 0.05% that…

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