Fidelity zero-fee funds lure about $1B in first month

FIDELITY INVESTMENTS' two new zero-fee index funds attracted nearly $1 billion in retail investments in the funds' first month of operation. / BLOOMBERG NEWS FILE PHOTO/JB REED
NEW YORK - Investors poured almost $1 billion into Fidelity Investments’ two zero-fee index funds in their first month of operation. The Fidelity Zero Total Market Index Fund attracted $753.5 million through Aug. 31, while the Fidelity Zero International Index Fund gathered $234.2 million, according to Fidelity’s website. “A billion in a month is a…

Want More?

Subscribe or register with Providence Business News to keep reading.

for 2 more stories

Subscribe now for $1 for 4 weeks
Already a Subscriber? Login now

Purchase NowWant to share this story? Click Here to purchase a link that allows anyone to read it on any device whether or not they are a subscriber.

- Advertisement -