Daily Archives: Sep 6, 2018 at 09:38 am EDT

Considering The Implications Of Fidelity’s Zero-Fee Index Funds

Bloomberg reported on Tuesday that “investors poured almost $1 billion into Fidelity Investments’ two zero-fee index funds in their first month of operation.” As new fund launches go, this one looks like a win-win for all sides — for Fidelity as well as investors. It’s too early to say for sure how this plays out in the financial industry, but the early signs suggest we haven’t seen the last of the freemium model in asset management. For some perspective, take a look at a story I wrote for RIABiz.com, which was published a few days ago here.

Macro Briefing: 6 September 2018

Anonymous NY Times op-ed roils White House: Politico
Trump attacks NY Times for “gutless” op-ed: The Hill
Supreme Court nominee won’t recuse himself from Trump cases: Wash. Times
China vows retaliation if US imposes new trade tariffs: Reuters
N. Korea’s Kim affirms “unwavering trust in Trump: CNN
Emerging markets flirting with a bear market: Bloomberg
White House: US wages rising via alternative methodology: NY Times
US trade deficit jumped to a five-month high in July: Reuters
Tech stocks due for hefty weight cut in S&P 500 in upcoming sector revamp: LPL