Fidelity Investments is lowering investment minimums on 22 equity, fixed income and enhanced index funds, and slashing total net expenses on eight of its Spartan Index funds.
The eight funds with reduced expenses are: Spartan 500 Index Fund, Spartan Total Market Index Fund, Spartan Emerging Markets Index Fund, Spartan Global ex U.S. Index Fund, Spartan Mid Cap Index Fund, Spartan Real Estate Index Fund, Spartan Small Cap Index Fund, and Spartan U.S. Bond Index Fund.
Executive vice president JS Wynant of investment product management and research stated in a company release that the investment minimum and expense reductions were made to keep fund pricing competitive.
These latest moves are another example of our commitment to providing workplace retirement plan sponsors and individual investors access to a wide-array of high-quality index funds," Wynant said.