ETF Watch: Fidelity Cuts Fees

Financial giant undercuts Vanguard with reductions in ETF and mutual fund fees.
Reviewed by: Staff
Edited by: Staff

In a move that appears directly aimed at Vanguard, Fidelity has announced that it is reducing the fees on 27 of its index mutual funds and ETFs. The changes are effective July 1.

The 11 Fidelity sector ETFs will each see their expense ratios fall from 0.12% to 0.084%. The Vanguard sector ETFs cost 0.10%. Meanwhile, the 16 index mutual funds will see their expense ratios fall anywhere from 0.5 to 0.16%.

According to Fidelity, the changes are projected to save investors up to $20 million per year.

The affected ETFs include:

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