Major providers of ETFs spent the last few years competing by steadily lowering fees on select ETFs. It’s about the only way to compete, since most ETFs are index funds. As this article reports, Fidelity made the lowest move by offering ETFs with no fees. These are new funds, and only two are available initially.
The Fidelity Zero Total Market Index Fund and the Fidelity Zero International Index Fund will be available to investors on Friday, the Boston-based mutual fund said in press release.