Great Migration
Rise of the Portfolio Allocators
There are more indexes than stocks, which has made building a portfolio more complicated.
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It’s a stunning turn. Fidelity Investments -- the mutual fund powerhouse that made its name and fortune on high-priced active management -- now charges less for its own stable of index funds than the Vanguard Group.
Fidelity boasted in a press release on Monday that “100% of Fidelity's stock and bond index mutual funds and sector ETFs will have total net expenses lower than their comparable Vanguard fund.”