Sep 4, 2018
Fidelity Zero-Fee Funds Attract Almost $1 Billion in First Month
, Bloomberg News
(Bloomberg) -- 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.
The Boston-based firm announced the funds on Aug. 1.
To contact the reporter on this story: Charles Stein in Boston at cstein4@bloomberg.net
To contact the editors responsible for this story: Margaret Collins at mcollins45@bloomberg.net, Alan Mirabella
©2018 Bloomberg L.P.